HubSpot’s revenue is up 19%.
Xero is up 23%.
Atlassian is up 23%.
Figma is growing at 40%.
Adobe added another 11% to hit $23.8 billion.

And every single one of their stock prices has been absolutely destroyed this year.

Here is HubSpot. Currently at $228 down from a 52 week high of $881

…So what’s going on? The popular take is simple: AI has arrived, SaaS is dead, pack it up. … I wanted to go deeper. — Read More

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