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Why Fiverr, Upwork, and Wix Were All Falling Today

Jeremy Bowman, The Motley Fool
·3 min read
Why Fiverr, Upwork, and Wix Were All Falling Today

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. While Chegg actually recouped some of its losses from yesterday, the three tech platforms above all fell again with Fiverr losing 9.7%, Upwork giving up 7.5%, and Wix closing down 10.8%.

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