#selloff — Public Fediverse posts on home.social

☮ ♥ ♬ 🧑‍💻 @[email protected] · 2026-03-20 · 05:33 UTC

“#Atlassian’s stock has been among the hardest hit by the “#SaaSpocalypse”, a term coined to describe the #SellOff of software-as-a-service companies seen to be most threatened by #AI. In #Australia, it has been dubbed a “#SaaSaccre”.

#USA listed Atlassian is the worst performer of the #Nasdaq100 this year, losing more than half of its value since the start of January. The company, which trades under the ticker #TEAM, commanded a market capitalisation of $116bn five years ago but is now worth $20bn.”

If Atlassian made its fortune on worker collaboration, the AI #WhiteCollar movement will reduce people working and solve the “communication problem” between individuals.

Less workers, less #communication. Atlassian has a double whammy hit to its #business.

#ZeroHourWork / #work / #software <https://archive.md/CztkH> / <https://www.ft.com/content/206df66d-09ac-46b6-a3c6-a25aaf07eb8a?syn-25a6b1a6=1> (paywall)

#atlassian #saaspocalypse #selloff #ai #australia #saasaccre

☮ ♥ ♬ 🧑‍💻 @[email protected] · 2026-03-20 · 05:33 UTC

“#Atlassian’s stock has been among the hardest hit by the “#SaaSpocalypse”, a term coined to describe the #SellOff of software-as-a-service companies seen to be most threatened by #AI. In #Australia, it has been dubbed a “#SaaSaccre”.

#USA listed Atlassian is the worst performer of the #Nasdaq100 this year, losing more than half of its value since the start of January. The company, which trades under the ticker #TEAM, commanded a market capitalisation of $116bn five years ago but is now worth $20bn.”

If Atlassian made its fortune on worker collaboration, the AI #WhiteCollar movement will reduce people working and solve the “communication problem” between individuals.

Less workers, less #communication. Atlassian has a double whammy hit to its #business.

#ZeroHourWork / #work / #software <https://archive.md/CztkH> / <https://www.ft.com/content/206df66d-09ac-46b6-a3c6-a25aaf07eb8a?syn-25a6b1a6=1> (paywall)

#atlassian #saaspocalypse #selloff #ai #australia #saasaccre

☮ ♥ ♬ 🧑‍💻 @[email protected] · 2026-03-20 · 05:33 UTC

“#Atlassian’s stock has been among the hardest hit by the “#SaaSpocalypse”, a term coined to describe the #SellOff of software-as-a-service companies seen to be most threatened by #AI. In #Australia, it has been dubbed a “#SaaSaccre”.

#USA listed Atlassian is the worst performer of the #Nasdaq100 this year, losing more than half of its value since the start of January. The company, which trades under the ticker #TEAM, commanded a market capitalisation of $116bn five years ago but is now worth $20bn.”

If Atlassian made its fortune on worker collaboration, the AI #WhiteCollar movement will reduce people working and solve the “communication problem” between individuals.

Less workers, less #communication. Atlassian has a double whammy hit to its #business.

#ZeroHourWork / #work / #software <https://archive.md/CztkH> / <https://www.ft.com/content/206df66d-09ac-46b6-a3c6-a25aaf07eb8a?syn-25a6b1a6=1> (paywall)

#atlassian #saaspocalypse #selloff #ai #australia #saasaccre

☮ ♥ ♬ 🧑‍💻 @[email protected] · 2026-03-20 · 05:33 UTC

“#Atlassian’s stock has been among the hardest hit by the “#SaaSpocalypse”, a term coined to describe the #SellOff of software-as-a-service companies seen to be most threatened by #AI. In #Australia, it has been dubbed a “#SaaSaccre”.

#USA listed Atlassian is the worst performer of the #Nasdaq100 this year, losing more than half of its value since the start of January. The company, which trades under the ticker #TEAM, commanded a market capitalisation of $116bn five years ago but is now worth $20bn.”

If Atlassian made its fortune on worker collaboration, the AI #WhiteCollar movement will reduce people working and solve the “communication problem” between individuals.

Less workers, less #communication. Atlassian has a double whammy hit to its #business.

#ZeroHourWork / #work / #software <https://archive.md/CztkH> / <https://www.ft.com/content/206df66d-09ac-46b6-a3c6-a25aaf07eb8a?syn-25a6b1a6=1> (paywall)

#software #work #zerohourwork #business #communication #whitecollar

☮ ♥ ♬ 🧑‍💻 @[email protected] · 2026-03-20 · 05:33 UTC

“#Atlassian’s stock has been among the hardest hit by the “#SaaSpocalypse”, a term coined to describe the #SellOff of software-as-a-service companies seen to be most threatened by #AI. In #Australia, it has been dubbed a “#SaaSaccre”.

#USA listed Atlassian is the worst performer of the #Nasdaq100 this year, losing more than half of its value since the start of January. The company, which trades under the ticker #TEAM, commanded a market capitalisation of $116bn five years ago but is now worth $20bn.”

If Atlassian made its fortune on worker collaboration, the AI #WhiteCollar movement will reduce people working and solve the “communication problem” between individuals.

Less workers, less #communication. Atlassian has a double whammy hit to its #business.

#ZeroHourWork / #work / #software <https://archive.md/CztkH> / <https://www.ft.com/content/206df66d-09ac-46b6-a3c6-a25aaf07eb8a?syn-25a6b1a6=1> (paywall)

#atlassian #saaspocalypse #selloff #ai #australia #saasaccre

☮ ♥ ♬ 🧑‍💻 @[email protected] · 2026-03-18 · 07:42 UTC

“Over the past three-and-a-half decades, #India's #SoftwareIndustry has created millions of #WhiteCollar jobs, spawning a new #MiddleClass driven by high ambition and strong purchasing power. This, in turn, has fuelled demand for apartments, cars and restaurants across top-tier cities such as #Bengaluru, #Hyderabad and #Gurugram over the past 30 years.

The #NiftyITIndex of 10 of the country's biggest software companies is down some 20% this year, wiping out tens of billions of dollars in investor money.
The #SellOff began early in February after #Anthropic's #Claude agent released a new tool that it claimed could automate key legal, compliance and data processes, hitting at the heart of the #LabourHeavy industry's #BusinessModel.”

#AI / #ArtificialIntelligence / #software / #engineering <https://bbc.com/news/articles/c5yrq1090p8o>

#india #softwareindustry #whitecollar #middleclass #bengaluru #hyderabad

misryoum global news network @[email protected] · 2026-03-08 · 14:36 UTC

Wall Street analysts weigh tech stock picks amid market sell-off

https://misryoum.com/us/economy/wall-street-analysts-weigh-tech-stock-picks-amid/

Markets sold off this past week as escalating US-Israeli strikes sent oil prices to their highest levels since 2024, leaving investors scrambling to price in the risk of a prolonged regional conflict. In times of volatility, Wall Street strategists...

#Wall #Street #analysts #weigh #tech #stock #picks #amid #market #selloff #US_News_Hub #misryoum_com

#wall #street #analysts #weigh #tech #stock

misryoum global news network @[email protected] · 2026-02-27 · 19:24 UTC

Sensex plunges 961 points; Nifty slips below 200-day EMA as broad selloff grips markets

https://misryoum.com/us/markets/sensex-plunges-961-points-nifty-slips-below-200/

Markets ended the week on a deeply negative note on Friday, February 27, with the BSE Sensex crashing 961.42 points, or 1.17 per cent, to close at 81,287.19, while the NSE Nifty 50 shed 317.90 points, or 1.25 per cent,...

#Sensex #plunges #961 #points #Nifty #slips #below #200day #EMA #broad #selloff #grips #markets #US_News_Hub #misryoum_com