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Tuesday, February 7, 2023

Fiverr (NYSE: FVRR) Publishes Third Global Small Business Needs Index

Fiverr International Ltd. (NYSE: FVRR) published its third Small Business Needs Index. The index is known to have assessed the data from millions of searches across the platform. The new data disclosed key service areas for small business success and recovery. The firm revealed that this index helps the firm to get to know what is important and what is trending.

The index helps the firm to know the things which business owner search on its platform. 2020 was the year that affected the small businesses and forced them to work from home. The businesses are striving to adjust to the new changing needs of the clients. Now small businesses are looking for a digital way to revolutionize their businesses.

Fiverr International Ltd.’s share plunged 4.84% as it lost -11.26 during the trading session of Thursday. The firm has recorded a price of $221.44 per share. In the past 52-week of the trading session, the share of the firm wavered $29.11 from its 52-week low range and $336.00 from its 52-week high range. Fiverr has a total market capitalization of $8.02 billion at the time of writing.

As the world is still facing the effects of the ongoing pandemic, many businesses are still working online or with limited staff at the offices. Though the year has brought turmoil in the businesses, Fiverr disclosed that it has seen strength and flexibility which is never witnessed in the business world.

Businesses are now enhancing their e-commerce sites after the initial shift from offline to online.  Businesses are arranging their brand image and getting creative. The Digital revolution isn’t decelerating down anytime soon, and these amenities will be expected to be in demand for a long time. The ratio of searches such as Amazon virtual assistant, Shopify store design, and WordPress theme customization is +778%, +302%, and +63%, respectively.

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