Yes it's a declining business, 13 percent decrease in users year over year, about the same in revenue guidance. Not great.
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But I mean 373m MC against 411m in cash and cash equivalents net of debt, 57m in buybacks authorized. I just love negative valued business (like being paid to take a business).
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I went absolutely yolo with another stock oddity who 2 weeks ago was 670m cash against 540m mc (now 720mc), so I'm loving these negative value situations.
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The question isn't will fiverr grow its historical 8 to 10 percent with 20 percent take rate, but even a repivot to a more modest business where AI has killed the high volume easy tasks and they have to upscale to more complex implementations means pretty guaranteed upside.
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Not quite ready to buy, just throwing this out there.