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Home News Business

While The Freelancing Population Grows, Upwork’s Shares Fall

Shares in one of the biggest competitors in the freelance marketplace continue to dwindle despite the growth of this flexible working population.

Aayat AlibyAayat Ali
September 20, 2022
in Business
Reading Time: 1 min read
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While The Freelancing Population Grows, Upwork’s Shares Fall

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Shares in one of the biggest competitors in the freelance marketplace continue to dwindle despite the growth of this flexible working population. 

Upwork has seen its shares trade down -52.6% on the year. However, this comes as the global freelancer population is expected to skyrocket to 500 million by 2030 and the company expanding its enterprise client portfolio. 

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While the company is showing signs of growth internally, the disappointing stock prices may come as an overall apathetic response to other freelance marketplace firm Fiverr, whose shares are down -70% on the year. 

On the surface, this could spell trouble for both companies. But it could also become a bargain stock for investors looking to get ahead of the clear trend towards distributed, flexible and agile work models.  

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Source: Entrepreneur
Tags: Business
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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