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Why Upwork Stock Just Went Down Instead

TheMotleyFool

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The stock of Upwork (NASDAQ: UPWK), the freelance-jobs marketplace, crashed in Friday morning trading. Analysts had forecast Upwork would lose $0.05 per share on $131.8 million in revenue in fiscal Q4 2021. When the company reported its results last night, however, it actually met -- or even arguably beat -- those numbers.

Nevertheless, Upwork stock is down 14.2% as of 9:40 a.m. ET.

Image source: Getty Images.

Source Fool.com

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