Overview
Since its Q2 earnings call, Upwork's (UPWK) price per share has traded downside by ~21% to $13.45 per share as of October 2019. In addition to Fiverr's (FVRR) IPO in June 2019, the obvious demand-side challenges have possibly affected Upwork's price per share in recent times. There is also a growing concern about slowing revenue growth and increased marketing expense relative to revenue and previous year. While we have established a bullish position on Fiverr, we are currently neutral on Upwork.
Upwork’s business, recent issues, and industry trends
Driven