In early February, SaaS stocks lost almost $300 billion in market cap in a single day. For some firms, such as Thomson Reuters, the drop reached 16%, the largest decline in their long history. This ...

Salesforce (CRM) CEO and founder Marc Benioff has watched his company's stock fall 30% year-to-date as the noise about artificial intelligence disrupting SaaS has dragged down the entire sector. The ...

Silicon Valley is rallying around a new extinction narrative. Agentic AI, autonomous systems capable of executing workflows on their own, could make traditional software-as-a-service (SaaS) ...

A specter is haunting Wall Street—the specter of the “SaaSpocalypse.” Since the iShares Expanded Tech-Software Sector ETF (IGV) peaked on September 19, 2025, it has fallen roughly 30%. Like most ...

One day not long ago, a founder texted his investor with an update: he was replacing his entire customer service team with Claude Code, an AI tool that can write and deploy software on its own. To Lex ...

For the past decade, the SaaS story has been built on a simple promise: infinite leverage. Software companies could build a product once and sell it millions of times with near-zero marginal cost.

On Monday, Databricks announced it reached a $5.4 billion revenue run rate, growing 65% year-over-year, of which more than $1.4 billion was from its AI products. Co-founder and CEO Ali Ghodsi wanted ...

New AI tools from Anthropic sparked a broad sell-off in software and data stocks. Executives say fears are overblown, but analysts warn of margin and pricing pressure. Investors are reassessing which ...

I’ve been talking about the demise of SaaS for two years and now I just want to shout it from the rooftops because a lot of companies still aren’t listening. In fact, what you’re about to read is a ...