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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