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Gessert joins company from PayPal; will play pivotal role in next chapter of growth for the world’s largest work marketplaceSAN FRANCISCO, March 28, 2023 (GLOBE NEWSWIRE) -- Upwork Inc. (NASDAQ: UPWK), the world’s largest work marketplace that connects businesses with independent talent from across the globe, as measured by gross services volume (“GSV”), today announced that Erica Gessert will join the company as chief financial officer (CFO), effective April 25, 2023. Gessert joins from PayPal
The S&P 500 is still down 17% from its highs, inflation remains elevated, and the Federal Reserve recently raised its benchmark interest rate for the ninth consecutive time. Given those challenges, JPMorgan Chase analysts estimate the odds of a 2023 recession at greater than 50%. Juniper Research says the number of digital wallet users will increase at 11% annually through 2026, and digital wallets are steadily displacing cash and payment cards in both physical retail and e-commerce.
Paypal (PYPL) closed at $73.30 in the latest trading session, marking a -0.79% move from the prior day.