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Why Is Squarespace Stock Down?

Last updated on October 1, 2022 @ 5:27 am

It’s been a tough few weeks for Squarespace stock. The company’s shares are down nearly 20% since early February, and there’s no clear end in sight. So, what’s behind the sell-off?

There are a few potential explanations. For one, the overall market has been weak lately, with major indexes like the S&P 500 down more than 5% from their all-time highs.

Squarespace may also be feeling the effects of increased competition from the likes of and Weebly.

PRO TIP: Squarespace is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol SQSP. Shares of Squarespace fell sharply on Thursday after the company announced it was reducing its workforce by 20%. The stock was down 14.29% at the close of trading on Thursday.

In addition, Squarespace recently announced that it was raising prices for its annual subscription plans by 20%. While this move will likely be positive for the company’s bottom line in the long run, it could be putting pressure on near-term growth.

So, what does this all mean for investors? Well, it’s tough to say.

The market is clearly worried about Squarespace’s near-term prospects, but the long-term outlook still looks promising. If you’re thinking about buying the stock, you may want to wait for things to stabilize a bit before taking the plunge.

Why Is Squarespace Stock Down?

Squarespace stock is down because of a variety of reasons including increased competition, market weakness, and price hikes. While the company’s long-term prospects still look good, investors may want to wait for things to stabilize before buying the stock.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.