WIX - Why Fiverr Upwork and Wix Were All Falling Today
2023-05-03 18:34:08 ET
Shares of Fiverr International (NYSE: FVRR) , Upwork (NASDAQ: UPWK) , and Wix.com (NASDAQ: WIX) all fell today for the second day in a row as investors continued to respond to the threat from ChatGPT.
Yesterday, shares of education stock Chegg (NYSE: CHGG) crashed by nearly 50% after it said that new customer growth had slowed due to competition from OpenAI's chatbot.
That sparked a sell-off in other stocks that also seem to be at risk from competition from ChatGPT including Fiverr, Upwork, and Wix.
For further details see:
Why Fiverr, Upwork, and Wix Were All Falling Today