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Why Upwork Stock Fell Today

TheMotleyFool

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Upwork's (NASDAQ: UPWK) CEO is stepping down.

This morning, the freelancing platform announced that CEO Stephane Kasriel will resign from his job at the end of this year, to be replaced by Chief Marketing and Product Officer Hayden Brown.

Investors are shaken up, selling off Upwork stock by more than 16% in early trading. The good news -- or at least less bad news -- is that by the closing bell, Upwork shares had recovered to suffer "only" a 4.4% loss.

Source Fool.com

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