Tag: SaaS
Tech stocks follow the market lower as Uber and Lyft drop sharply
Stocks listed on American exchanges today fell sharply, erasing their Tuesday rebound and adding to their Monday declines. On a day that saw the World Health Organization declare that the spread of COVID-19 has officially become a pandemic, with 4,000 deaths reported from the illness so far, stock markets seemed…
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Stocks change their mind again, falling sharply this morning in early trading
Have you ever seen a dead cat bounce? It’s a term that Wall Street traders coined to describe the moment when collapsing markets briefly rise before resuming a downward trajectory. It looks like investors new to the notion of an economic downturn may have seen their first such bounce yesterday.…
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SaaS stocks drop over 8%, reaching bear-market territory
Today was an awful day for the stock market, with global and domestic equities falling sharply as the world digested a collapse in oil prices, and yet another weekend of the spread of COVID-19. All major U.S. indices were down, with the tech-heavy Nasdaq falling the least of the three,…
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As stocks continue to tumble, what’s ahead for startups?
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. The world is a mess today. Everything that trades is down, and sentiment is in the toilet. Even Robinhood is undertaking its ritual downtime, ensuring that its userbase holds through…
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US markets halt trading after global equities retreat, oil collapses, bond yields fall, and cryptos drop
Welcome to the bloodbath. This morning trading was halted on the major stock exchanges after the S&P 500 fell to 7% triggering what are one of the so-called circuit breakers to stop an absolute market rout. Within seconds of opening stocks fell sharply lower, with the Dow Jones Industrial Average…
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SaaStr postpones annual conference as county officials discourage large gatherings
SaaStr, the venture firm that puts on the largest conference for SaaS companies, postponed its SaaStr Annual 2020 conference today amid concerns from local and national officials around large gatherings in light of the COVID-19 virus. The event was scheduled to take place next week. On March 5th, Santa Clara…
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