--- title: "Securities Fraud Investigation Into Upwork Inc. (UPWK) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz" type: "News" locale: "en" url: "https://longbridge.com/en/news/286143044.md" description: "The Law Offices of Frank R. Cruz has announced an investigation into Upwork Inc. (NASDAQ: UPWK) for potential violations of federal securities laws. This follows Upwork's disappointing Q1 2026 financial results, which showed stagnant gross service volume and a decline in active clients, leading to a 16.9% drop in stock price. Shareholders who lost money are encouraged to contact the law firm for potential claims." datetime: "2026-05-12T18:37:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286143044.md) - [en](https://longbridge.com/en/news/286143044.md) - [zh-HK](https://longbridge.com/zh-HK/news/286143044.md) --- # Securities Fraud Investigation Into Upwork Inc. (UPWK) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz **Securities Fraud Investigation Into Upwork Inc. (UPWK) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz** The Law Offices of Frank R. Cruz announces an investigation of Upwork Inc. (“Upwork” or the “Company”) (NASDAQ: UPWK) on behalf of investors concerning the Company’s possible violations of federal securities laws. **IF YOU ARE AN INVESTOR WHO LOST MONEY ON UPWORK INC. (UPWK), CLICK** **HERE** **TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.** **What Is the Investigation About?** On May 7, 2026, Upwork released its first quarter 2026 financial results, revealing that gross service volume was approximately flat year-over-year and the number of active clients had declined. The Company also cut its full year revenue guidance and stated that “the pace of AI automation was faster than previously seen” and the “_**overall impact of AI is marginally a net headwind for Upwork today**_.” On this news, Upwork’s stock price fell $1.79, or 16.9%, to close at $8.82 per share on May 8, 2026, thereby injuring investors. **Contact Us to Participate or Learn More:** If you purchased Upwork securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Century City, California 90067 Call us at: 310-914-5007 Email us at: info@frankcruzlaw.com Visit our website at: www.frankcruzlaw.com. Follow us for updates on Twitter at twitter.com/FRC\_LAW. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz 310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260512140498/en/ ### Related Stocks - [UPWK.US](https://longbridge.com/en/quote/UPWK.US.md) ## Related News & Research - [Assessing Upwork (UPWK) Valuation After Earnings Cut Guidance Layoffs And Rising Legal Scrutiny](https://longbridge.com/en/news/287096785.md) - [Getmany Introduces Advanced MCP Integration, Transforming Proposal and Lead Workflows for Upwork Teams](https://longbridge.com/en/news/287179618.md) - [WeWork, Upwork CEOs Say AI Is Putting Major Pressure On Gen Z Hiring](https://longbridge.com/en/news/287042608.md) - [Upwork cuts jobs, trims revenue outlook amid AI impact](https://longbridge.com/en/news/286278921.md) - [Payoneer and Upwork Extend 15-Year Partnership to Power Global Freelance Payments | PAYO Stock News](https://longbridge.com/en/news/286412389.md)