Exploring the Gig Economy

dchua1969 Updated   
NYSE:FVRR   Fiverr International Ltd.
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I have long thought that Covid-19 is a game changer not only for businesses but also individuals as well. The way we used to think of job stability, 9 to 5 job has been totally shaken up with the emergence of Covid-19. So many tourism related jobs were lost when Covid-19 hit.

What we used to take things for granted, thinking it will stay as it always has HAS hit us hard on the face. It is indeed a wake up call for many of us, myself included. And people mindset changes along the way as they feel stuck at home.

Those who are digitally savvy went on to explore the world of online selling via live commerce, youtube marketing, TikTok, etc. Fortunately, there are loose pockets of business opportunities like short term assignments that are much needed by the business organisations that are available for hire. These trends were growing at a much faster pace during the Covid-19 period where Zoom meetings were the talk of the town.

WIth face to face meeting cut to a minimum, hiring the traditional ways was a hassle and since coming to work in the office is not feasible, the companies start hiring off site on short term assignments like editing work, translation, accounting, projects management, digital marketing, etc. And that market worldwide, imo will become a norm rather than a passing fad.

People got used to the freedom and the flexibility of managing their own projects along with their own personal time to do what they want. While they may not get the interaction between colleagues in the office, some downside, they get the upper hand of saving money from buying office wear , make up and even transportation costs to the city as well.

Chart wise, I think there are still selling pressure so I am in no hurry to buy now but putting this stock on my watch list. DYODD.
Those who keen on this stock need not rush in. It is at its bottom now and will not likely rally overnight, meaning it is more of a long haul stock. Looking at 20.79 level which is its all time low price. It could revisit that level or go lower so be patient

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