Salesforce, Adobe Stocks Face 2008-Style Collapse In 'SaaSpocalypse'

The software sector is undergoing a correction, particularly within the software-as-a-service (SaaS) industry, as AI threatens its business model. Major players like Salesforce, Inc. (NYSE:CRM) and Adobe, Inc. (NASDAQ:ADBE) are facing their worst quarterly performance since the height of the 2008 financial crisis, prompting concerns of a potential “SaaSpocalypse” and questions about a 2008-style collapse.

https://www.benzinga.com/markets/tech/26/03/51370588/salesforce-adobe-stocks-face-2008-style-collapse-in-saaspocalypse