Here is our latest research report on Fiverr International stock (FVRR). Check it out!
While many are preoccupied with wage inflation, there is a counterweight working to offset it, at least partially. Hiring a freelancer is typically less expensive than hiring a full-time employee or agency. In addition, freelancers earn more than they would as employees for completing the same tasks even if they charge less. Therefore, it should theoretically be deflationary.
Freelancing was already gaining popularity prior to the pandemic. However, 2020 saw an accelerated adoption as more people were forced to work from home. The world is unlikely to go back to how it was in 2019 because the pandemic proved that a lot of office work can easily be completed remotely.
Fiverr International Ltd (NYSE:FVRR), is poised to benefit from this shift and expected to see strong revenue growth. However, current valuations may not make it an optimal time to initiate a position.
Here are the main points of this report:
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