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Upwork shares fell 16.9% after AI disclosure as law firm investigates

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  • Law Offices of Howard G. Smith continues investigating possible securities-law violations involving Upwork.
  • Upwork shares fell $1.79, or 16.9%, to $8.82 on May 8, 2026.
  • Upwork reported flat gross service volume, fewer active clients, and reduced full-year revenue guidance.
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