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Business Wire 12-May-2026 2:23 PM
The Law Offices of Frank R. Cruz announces an investigation of Upwork Inc. ("Upwork" or the "Company") (NASDAQ: UPWK) on behalf of investors concerning the Company's possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON UPWORK INC. (UPWK), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is the Investigation About?
On May 7, 2026, Upwork released its first quarter 2026 financial results, revealing that gross service volume was approximately flat year-over-year and the number of active clients had declined. The Company also cut its full year revenue guidance and stated that "the pace of AI automation was faster than previously seen" and the "overall impact of AI is marginally a net headwind for Upwork today."
On this news, Upwork's stock price fell $1.79, or 16.9%, to close at $8.82 per share on May 8, 2026, thereby injuring investors.
Contact Us to Participate or Learn More:
If you purchased Upwork securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz2121 Avenue of the Stars, Suite 800Century City, California 90067Call us at: 310-914-5007Email us at: info@frankcruzlaw.comVisit our website at: www.frankcruzlaw.com.Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260512140498/en/
The Law Offices of Frank R. Cruz, Los AngelesFrank R. Cruz310-914-5007fcruz@frankcruzlaw.comwww.frankcruzlaw.com