In the past year, Fiverr stock has been falling. This is likely because of two reasons: the slowing economy and Fiverr’s own problems.
The economy is slowing, meaning businesses are having a harder time finding new customers. This is bad news for Fiverr, as its main source of revenue comes from selling services to businesses.
PRO TIP: Fiverr is a publicly traded company on the New York Stock Exchange (NYSE: FVRR), and its stock price is determined by the forces of supply and demand in the marketplace. As with any publicly traded company, there are many factors that can cause the stock price to fall, including but not limited to: poor financial results, negative news coverage, analyst downgrades, and general market sell-offs.
Fiverr also has its own problems. Earlier this year, it was revealed that the company had been using fake reviews to boost its ratings.
This was a violation of the company’s terms of service, and it caused a lot of negative publicity. This negative publicity may have caused investors to shy away from Fiverr stock.
