Why Fiverr's Stock Dropped 24.8% Today

Why Fiverr's Stock Dropped 24.8% Today

Management said the relatively weak results are the result of more normal business activity and less remote work, which is hurting the freelance market. This is a short-term hit to Fiverr, and it makes sense the stock is down big given the fact the company has a market cap of $6.3 billion and expects revenue of just $280 million to $288 million this year.