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Why Fiverr, Upwork, and Wix Were All Falling Today

TheMotleyFool

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Why Fiverr, Upwork, and Wix Were All Falling Today: https://g.foolcdn.com/editorial/images/730856/economic-crisis-stock-chart-falling-down-business-global-money-bankruptcy.jpg

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.

That sparked a sell-off in other stocks that also seem to be at risk from competition from ChatGPT including Fiverr, Upwork, and Wix.

Source Fool.com