 Zip it What's up money geeks mr. V here welcome to another video and this one we are going to talk about zip recruiter So this is a company that Bring together employers and employees to connect them So it's not like a marketplace if you're looking for a job you can go there In post your resume and create a profile and then employers pay to use the platform So they can find the requisite skills that they're looking for in employees So the company is based out of a Santa Monica California so this company the reason why we're talking about is because it's just recently went public So the objective here is to see if this is one that we should be looking at to buy or Maybe just wait. So that's what we're gonna cover into this video But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So again Zip recruiter is kind of like an online marketplace Where job seekers and employers get, you know come together and so the company You know charge the P employers to get on the platform to use their database of Possible employees to fill positions in your company So again, the business model there is very straightforward You would see competitors like LinkedIn Doing the same thing where you connect people Together LinkedIn is even better more so because they're making it more so for social media platform For professionals where you can connect with people like the old good days where you have to go to happy hour to connect These linked in you can connect with people just like that create a profile. So that's a Competitor for them. So again, like I said, they recently went public here. So take a look here So this is our one day. Let's look at a five-day. So this stock actually opened every day one month You can see here one month. That was May 26 open up at $21 and ever since then I kind of know went up 20 21 and the since seen a high of close to 24 66 so that's almost about like 16 17% Since they went public, but again, so the question is should we buy this one or should we wait? Before we make that decision, so I jump in and just take a look at their finance their financials here So if you look at the company's their revenue for 2019 that's 429 1559 for 2020 it was 418,142 so if you look at the friends there Revenue actually dropped in 2020 we can attribute that to people not looking for work people not Employees not hiring because of COVID But other than that, I don't see why the revenue should drop so they could justify that as a result of COVID so if you look at that gross profit here gross profit was about 374 thousand three hundred seventy-five thousand four twenty nineteen and 363 364 thousand for 2020 and again that number could be as a result of COVID But I'm not super impressed with these numbers because we're talking about in the thousands Unless I mean these guys really plan to do some drastic change to really improve on that revenue slash Profit I don't think that it's a really good You know revenue for me to be excited about the company. So Yeah, is it recruiter? I think it I mean they have a place in the market. It's just gonna be a home run Is this we want to be it's gonna be that stock where you buy it and it's gonna make you a millionaire tomorrow I don't think so This is just gonna be one of those average stocks So if for right now, I'm not gonna be buying this one I'm just gonna pump the brakes on this one and see Where it goes. I don't really see because again, like I said the companies like LinkedIn have more In the marketplace than this guy and then more again people are finding work Through what a mouth and that doesn't negate what they do But personally I don't see an area where they are gonna grow and expand massively to Increase their revenue increase their profitability. I don't really see that again That's my personal take so you can do your own research and decide what you think about it So I'm not gonna be buying this one. I'm gonna put this one on hold To see if they come out with some more information now that they're trading publicly Because they're gonna have a ton of pressure to increase their revenue or increase their profit from their shareholders. So I'm gonna see how they, you know Show that they have a roadmap to really make some changes to increase revenue and profit profitability before I'll jump in on this one. So that's all I wanted to cover in this video again LinkedIn is now trading publicly under the ticket symbol here ZIP that's the ticket symbol if you want to look it up the ZIP and check them out So, I mean they're up now about almost 17% from their opening IPO day But again, you would see some sort of pull back here pretty soon because I don't Really think this one has room to run Massively so again, let me know in the comment section what you think are you gonna be buying ZIP recruiter or you're just gonna pump the brakes as well As I'm doing here. Let me know in the conversation if you're new to the channel We check about how to earn money how to save money how to invest and build wealth There's something that interests you go ahead and hit that subscribe button and the notification bell to you don't miss out On your content also guys if you are looking to get started investing We both has their promotion where if you sign up and deposit a hundred dollars You get some free stocks links in the description and as always guys do your due diligence Don't be a greedy savage and stay motivated