Gig companies are now obsessed with profits, not just revenue growth, an analyst says.
For years, gig economy businesses grew at a breakneck pace, racking up losses in the hope that profits would one day roll in. But now these companies are focusing on profitability rather than growth, says Michael Morton, senior research analyst for Internet stocks at MoffettNathanson. “These companies are coming of age. Not where they don’t …
Gig companies are now obsessed with profits, not just revenue growth, an analyst says. Read More »