Comment on US Tech Market TreemapComments−eitally9moWhat's the conventional wisdom explanation for why the big enterprise SaaS vendors are all down 10-20%+ YTD. This holds for ServiceNow, Workday, and even Salesforce?−nathancspencer9moNot that I agree, but per-seat pricing, with forecasted lower seat growth of companies due to AI labor market displacement.−bigyabai9moThey were overvalued.
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What's the conventional wisdom explanation for why the big enterprise SaaS vendors are all down 10-20%+ YTD. This holds for ServiceNow, Workday, and even Salesforce?
Not that I agree, but per-seat pricing, with forecasted lower seat growth of companies due to AI labor market displacement.
They were overvalued.