Fiverr International (NYSE: FVRR) and Duolingo (NASDAQ: DUOL) both experienced accelerating growth in 2020 as the pandemic forced more people to stay at home. Many of those people picked up more remote jobs on Fiverr's online marketplace for gig workers, while others took language classes on Duolingo's app.

That robust growth, along with the buying frenzy in growth and meme stocks, lifted both stocks to their all-time highs in 2021. But today Fiverr and Duolingo trade about 90% and 20% below those record levels, respectively. Both companies faced slowing growth in a post-pandemic market while rising rates popped their bubbly valuations.

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Source Fool.com