Takeawayįiverr continues to invest in its platform to expand beyond its core services. Wall Street’s Takeīased on the consensus rating of four Wall Street analysts offering 12-month price targets, the average Fiverr price target is $220.50, which implies 15.1% upside.įiverr stock price dropped sharply following the release of second-quarter earnings, which perhaps offers a good opportunity for contrarian investors to consider investing in this high-growth company. Given this background, it makes sense for Fiverr to aggressively expand into the e-learning industry, which is exactly what the company is doing with its acquisition of CreativeLive. These factors are: AI-enabled e-learning solutions that will aid in the development of smart content, digital study guides, and real-time questioning. In addition, it is expected to grow at a compound annual growth rate of over 21% through 2027, owing to a few factors. This has offered growth opportunities for online education and training providers.Īccording to Global Market Insights, the e-learning market exceeded $250 billion in value in 2020. The e-learning industry has been further boosted by the closure of schools and institutions around the world owing to the pandemic. This requires freelancers to keep their skills and knowledge updated in a changing market to stay ahead of their competitors.
In addition, as more people prefer independent work contracts, competition is increasing. With the rise of the gig economy, e-learning platforms have seen a surge in enrollment as freelancers seek to improve the quality of their services by enrolling in online courses.
Additionally, CreativeLive will be able to take advantage of Fiverr’s resources, allowing it to better target freelancers that are looking to enhance their talent.ĬreativeLive will continue to operate as a separate entity under Fiverr, with founder Chase Jarvis continuing to lead the staff of 25 employees at its present location in Seattle.ĬreativeLive’s industry experience in building captivating learning experiences is a perfect addition to Fiverr as the company scales its online education platform to assist the Fiverr community. The acquisition will offer both companies a competitive advantage to excel in their respective domains. This will be incorporated into CreativeLive to expand the number of courses available to better meet the needs of businesses and freelancers globally.
#Jarvis ai profiles professional#
It currently offers over 2,000 classes in several creative and business categories, and claims to have assisted 10 million learners in acquiring new skills for professional or personal improvement in all these areas.įiverr currently offers an educational content service called Fiverr Learn. The courses are taught by a diverse set of instructors, including Pulitzer, Grammy, and Oscar winners, New York Times best-selling authors, thought leaders, and renowned entrepreneurs. The e-learning platform offers a variety of live and pre-recorded courses in video, photography, design, business, marketing, and more. Chase Jarvis founded CreativeLive, a Seattle-based entrepreneurial learning platform, in 2010.
On October 7, Fiverr announced that it is acquiring the online learning platform CreativeLive.
(See Analysts’ Top Stocks on TipRanks) Expanding Beyond Core Services I am bullish on Fiverr because of the favorable macroeconomic environment facing the gig economy. Fiverr has established itself as a top platform in this market, and is well-positioned to prosper as it expands its operations into career development and other educational services. The company benefited substantially from the expansion of the gig economy during the pandemic, which is an industry that is expected to reach $455.2 billion by 2023. The company is expanding into Online Education and Training Services, as the ability to learn new skills in a changing work environment has become increasingly important. Fiverr Acquires CreativeLive to Expand its Services Offeringįiverr International ( FVRR), one of the most popular online marketplaces for freelance services, has acquired CreativeLive to expand its online learning platform, Fiverr Learn.įiverr serves freelancers and businesses in over 500 categories across nine verticals, including Graphic Design, Digital Marketing, Programming, Video, and Animation.
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