Ask Is Upwork making too much money from unsuccessful proposals?

[Edward22]

Every time a freelancer sends a proposal using Connects, Upwork earns something even if that proposal never leads to an actual job. Multiply this across thousands of freelancers sending proposals daily and it starts to look like a steady income source for Upwork regardless of hiring outcomes. Freelancers carry the risk of spending Connects with no guarantee of getting hired at the end. Do you think Upwork is making too much money from proposals that never turn into real jobs?