The Truth is Powerful
Summary
Fiverr is a leading freelance services marketplace that reaches over 3.4 million buyers every month.
The company has grown massively over the last year due to the global pandemic forcing many professionals to work remotely.
Even though growth may slow down temporarily after the global pandemic worries ease, I remain bullish on Fiverr as an excellent long term play.
Fiverr ( FVRR ) is a leading freelance services marketplace based out of Israel. The company connects talented creators with buyers who need in demand services like web design, article writing, video production, and more. What’s exciting about Fiverr is that the company is a pure e-commerce play on the growing “remote work” trend. Source: Fiverr.com
The Global pandemic forced millions of talented professionals to enter the gig economy and sell their services online. Fiverr, along with other freelance marketplaces like Upwork ( UPWK ), became one of the prime destinations for freelance e-commerce during the pandemic.Thus, Fiverr stock has greatly benefited from this surge in demand and FVRR stock is up over 600% since March 2020. Data by YCharts After a recent market wide tech sell off, Fiverr stock is down a bit from its 52-week high, so let’s […]