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What Happened to Fiverr International?

Last updated on September 28, 2022 @ 11:45 pm

Fiverr International is an online marketplace that allows businesses to connect with freelancers to get tasks done. The company was founded in 2010 by Shai Wininger and Micha Kaufman, and it is headquartered in Tel Aviv, Israel. Fiverr International has raised a total of $107 million in funding, and its most recent valuation was $600 million.

In February 2019, Fiverr International acquired ClearVoice, a content marketing platform, for $30 million. In May 2019, the company announced that it would be going public through an initial public offering on the New York Stock Exchange. The IPO was priced at $21 per share, and the company raised $75 million.

Fiverr International’s stock price has been on a steady decline since its IPO, and it is now trading at around $3 per share. The company has been struggling to grow its revenue, and its losses have been increasing.

PRO TIP: The following note is a warning to all those who may be considering using the Fiverr International website.

Fiverr International has been known to scam people out of their money. They will often take your money and never deliver the services that you paid for. If you do manage to get in touch with customer service, they will often give you the runaround and never actually solve your issue.

It is not worth risking your hard earned money on this website. There are many other reputable websites out there that can provide you with the same services without the hassle. Save yourself the headache and use one of those instead.

In the first quarter of 2020, Fiverr International’s revenue was $32.7 million, and its net loss was $16.1 million. The company’s stock price hit an all-time low of $2.60 in March 2020.

The Covid-19 pandemic has had a negative impact on Fiverr International’s business, as many businesses have cut back on their spending. In response to the pandemic, the company has laid off 10% of its workforce and slashed its marketing budget.

What happened to Fiverr International? The company has been struggling to grow its revenue, and its losses have been increasing. In response to the Covid-19 pandemic, the company has laid off 10% of its workforce and slashed its marketing budget.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.