UpWork is a website owned by a company of the same name that offers a platform for businesses to connect with freelancers for short-term or long-term projects. Businesses create accounts and post their project requirements on the site, and freelancers can search for and apply to these projects. UpWork takes a percentage of the freelancer’s pay for each project.
UpWork was founded in 2015, and is headquartered in Mountain View, California. The company was created through the merger of two previous companies, oDesk and Elance.
oDesk was founded in 2003, and Elance was founded in 1999. UpWork is led by CEO Stephane Kasriel.
UpWork went public in 2018, and is traded on the Nasdaq stock exchange under the symbol UPWK. As of 2019, the company has a market capitalization of around $2 billion.
Who Is UpWork Owned By?
UpWork is a publicly traded company, and as such is owned by a large number of shareholders. The largest shareholder as of 2019 is T. Rowe Price Associates, Inc., which owns around 9% of the company.
