'Is Upwork Going to Pull a Myspace?' by HackerNoonGhost freelancing upwork
The virus of decadence is alive and kicking. He obviously didn’t die out with the fall of the Roman Empire.Facebook was working hard with the modest underdog budget. The rest is the shiny Facebook’s history and the new social networks world order.
“According to Businessweek, the pressure to drive revenue, when other startups were using the luxury of venture money to create and explore, stifled the possibility that MySpace would have the breathing room it needed to innovate. Instead, executives were focused on trying to raise advertising profits.”When someone says that your startup, company, business, platform, or whatever is the next MySpace, you have to immediately stop what you’re doing and take a deep breath.
Upwork already doubled its fees. That wasn’t enough. So, it had to go public. I’m afraid that’s not going to be enough too. Why? Feel free to check Upwork’s NASDAQ situation. While you’re reading this article, its shares are hitting a record low.MySpace is still alive, but it isn’t kicking, that’s for sure. The numbers never lie.
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