Fiverr in 5 Charts
The term "gig economy" gets thrown around a lot, but it's often not well defined. The term simply refers to a marketplace where employers hire temporary workers for short-term assignments as needed. While companies like Uber, Lyft, and DoorDash are most often associated with the idea, the best example to date has been Upwork, a platform for connecting temporary workers with employers.
However, a lesser-known company that went public last June is creating a marketplace for professional service "gigs," and it's growing like a weed. As remote work became the norm in 2020, Fiverr International (NYSE: FVRR) found itself in the sweet spot between businesses with short-term work that could be done from anywhere, and talented professionals scattered all over the world looking for jobs they could do without leaving home.
The stock is up 940% since the beginning of 2020, and the following five charts tell the story of a company that may keep up its winning ways even if things go back to normal.
Source Fool.com
