The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Upwork Inc. (“Upwork” or “the Company”) (NASDAQ: UPWK) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Upwork announced its financial results for Q1 2026 on May 7, 2026. The Company revealed its active clients have declined and service volume was flat year-over-year. According to the Company, “accelerated AI adoption degraded the volume of client activity on the low end, impacting contracts of $500 and below.” Based on this news, shares of Upwork fell by 16.9% on the next day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260529096352/en/
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