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Why Fiverr International Stock Tanked Today – The Motley Fool

Fiverr is doing great — but now Microsoft wants a piece of the action.

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What happened
Shares of freelance-services marketplace Fiverr International(NYSE:FVRR) tumbled today to close 12.6% lower after multiple media outlets reported that Microsoft(NASDAQ:MSFT) is building a competing service through its LinkedIn subsidiary.  
So what
TechRadar, for example, notes today that a new “LinkedIn Marketplaces” service will help companies on its network “find, connect, hire, and pay freelancers all on the platform itself.”
With more than 700 million professionals already on…

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