FVRR - Better Buy: Shopify vs. Fiverr International
2023-05-23 05:25:00 ET
Shopify (NYSE: SHOP) and Fiverr International (NYSE: FVRR) both challenge the status quo for selling goods and services. Shopify's e-commerce services enable smaller merchants to set up their own online stores, process payments, fulfill orders, and manage their marketing campaigns without joining a crowded online marketplace like Amazon . Meanwhile, Fiverr is a gig economy marketplace that hosts hundreds of categories of writing, coding, media, marketing, and design jobs.
Shopify and Fiverr both saw their stocks hit all-time highs during the buying frenzy in meme and growth stocks throughout 2021. But as of this writing, Shopify and Fiverr trade about 64% and 91%, respectively, below those frothy levels.
Both stocks lost their luster as investors fretted over their slowing growth in a post-pandemic market. Rising interest rates exacerbated that pressure by driving investors away from higher-growth tech stocks.
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Better Buy: Shopify vs. Fiverr International