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While the gig economy is expected to continue growing, with flexibility and contractual relationships becoming increasingly beneficial for both employers and workers, we believe some significant beneficiaries in this space do not possess adequate fundamentals to justify their current share-price levels.
Examples are popular gig economy stocks Airbnb, Inc. (ABNB), Uber Technologies, Inc. (NYSE:UBER), and Fiverr International Ltd . (NYSE:FVRR), which look significantly overvalued at the current price levels. So, we think it’s wise to avoid these stocks now.
