5 Best Gig Economy Stocks To Invest In

In this article we take a look at the 5 best gig economy stocks to buy now. To see more such stocks click 11 Best Gig Economy Stocks To Invest In.

5. Airbnb Inc (NASDAQ:ABNB)

Number of Hedge Fund Investors: 54

Airbnb is one of the best gig economy stocks to buy because it provides a way to earn extra income to millions of people around the world. Airbnb services are also used by freelancers and digital nomads and the remote work trend is also helping the company.

Airbnb is seeing growth as more and more people rent out their spaces to earn extra income. Here’s how the company explained this trend in its latest earnings call:

 “… we saw tremendous growth in our supply on Airbnb. We ended 2022 with 6.6 million active listings. Now excluding all the Mainland China listings we removed in July, we grew supply by 900,000 listings, or 16% compared to a year ago, representing an acceleration in growth in listings relative to Q3. Now why are listings accelerating in growth? We believe there’s probably 2 factors that drove this growth. First, demand to drive supply. Post or attracted the supplemental income that they can earn an Airbnb, which is often critical during tough times.”