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Why Upwork Stock Dropped 12.4% on Thursday

Why Upwork Stock Dropped 12.4% on Thursday

Shares of freelance marketplace Upwork (NASDAQ: UPWK) fell as much as 12.4% in trading on Thursday after reporting third-quarter 2021 financial results. To make matters worse, Upwork is seeing a sharp slowdown in growth. The freelance marketplace business isn't growing nearly as quickly as it was during the depths of the pandemic, but that doesn't mean that the growth story is over.