Author: admin

Freelancer Limited Delivers Improved Profitability and Positive Cash Flow, Positioned for Growth with Strategic AI Integration and Cost Efficiencies   SYDNEY, AU / ACCESS Newswire / February 26, 2025 / Freelancer Limited (ASX:FLN)(OTCQX:FLNCF) in FY24 delivered Gross Marketplace Value (GMV) of $948.6 million (down 7.1% from FY23) and revenue of $53.1 million (down 4.2%). Despite a modest revenue decline largely tied to non-core engineering services, 2H24 profitability improved significantly (2H24 NPAT: +$0.2m), supported by cost efficiencies and strong cash generation. Cash & Equivalents: $23.2 million (+9.5% on 1H24) Financial Highlights Group GMV: $948.6 million (-7.1% vs. FY23) Group Revenue: $53.1…

A trader works on the floor at the New York Stock Exchange on Feb. 24, 2025.Brendan Mcdermid | ReutersS&P 500 futures inched higher on Wednesday night as investors digested Nvidia’s latest results.Futures tied to the broad market index gained about 0.1%, while Nasdaq 100 futures added 0.1%. Dow Jones Industrial Average futures lost 76 points, or nearly 0.2%.Nvidia shares flickered near the flatline after the chip giant exceeded fourth-quarter estimates on top and bottom lines. The company issued strong guidance, reflecting continued demand driven by the artificial intelligence race. Salesforce slid on disappointing fourth-quarter revenue and light guidance.On Wednesday, stocks came…

An update from Freelancer Ltd. ( (AU:FLN) ) is now available. Freelancer Limited reported a 7.1% decline in Gross Marketplace Value (GMV) to $948.6 million and a 4.2% drop in revenue to $53.1 million for FY24. Despite these declines, the company achieved significant profitability improvements in the second half of the year, driven by cost efficiencies and strong cash generation. The company saw a notable 18.6% increase in new client deposits in the fourth quarter, which is expected to drive future growth. Strategic AI integration has enhanced marketplace skills, liquidity, and value, positioning AI development as a key area for…

Advertiser DisclosureMany of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). However, the credit card information that we publish has been written and evaluated by experts who know these products inside out. We only recommend products we either use ourselves or endorse. This site does not include all credit card companies or all available credit card offers that are on the market. See our advertising policy here where…

Check on Youtube

Generally, self-employed individuals are required to pay annual self-employment tax, the equivalent of FICA tax for employees, on most business earnings. But self-employment tax doesn’t apply to “other income” received by self-employeds. In a new case, Clark, TC Memo 2025-13, 2/5/25, the Tax Court turned thumb’s down on a claim by a freelance movie reviewer and movie memorabilia seller. Beginning of the story: If you’re an employee, your employer withholds FICA tax, comprised of OASDI tax and HI tax, from your compensation on a regular schedule. In 2025, the OASDI tax portion is 6.2% on wages up to a base…

A trader works on the floor at the New York Stock Exchange on March 5, 2024.Brendan Mcdermid | ReutersStock futures rose Wednesday following a fourth-straight day of losses for the S&P 500. Investors are also awaiting earnings from market bellwether Nvidia.Futures tied to the Dow Jones Industrial Average rose 93 points, or 0.2%. Nasdaq-100 futures added 0.7%, while S&P 500 futures climbed 0.4%.Stocks are coming off a weak session. The S&P 500 tumbled 0.5%, and the Nasdaq Composite lost nearly 1.4%. Both indexes logged their fourth consecutive losing day. The 30-stock Dow was the outlier, with a roughly 0.4% advance.A…

Check on Youtube

Freelancing appeals to corporate professionals.getty The traditional employment contract is fundamentally shifting. While 82% of employees want to be valued as individuals rather than just employees, fewer than half (45%) feel their organizations see them this way, according to Gartner. Meanwhile, Deloitte’s 2024 Gen Z and Millennial Survey reveals that over one-third of workers are concerned about losing their jobs entirely. There’s a seismic shift happening in how professionals view their careers, and it’s leading more people to consider freelancing than ever before. To understand this career revolution, let’s explore why freelancing appeals to corporate professionals and how this career…

The acting administrator of the Department of Government Efficiency is a low-profile executive who has expertise in health care technology and worked in the first Trump administration.The White House on Tuesday afternoon identified Amy Gleason as the acting leader of DOGE, which has been pushing agencies to fire employees, cancel contracts and make other budget cuts.Although DOGE’s cuts have been championed by billionaire Elon Musk and his associates, the White House has insisted that Musk is overseeing the effort as a senior adviser to President Donald Trump, not a DOGE employee.The identity of who was technically running DOGE had been…