> Had the cost of building custom software dropped 90%, we would be seeing a flurry of low-cost, decent-quality SaaS offering all over the marketplace, possibly undercutting some established players.

NODS HEAD VIGOROUSLY

Last 12 months: Docusign down 37%, Adobe down 38%, Atlassian down 41%, Asana down 41%, Monday.com down 44%, Hubspot down 49%. Eventbrite being bought for pennies.

They are being replaced by newer, smaller, cheaper, sometimes internal solutions.

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BobbyJo 15 hours ago | parent [-]

Stock prices down or revenue down? The former would do very little to support your point.

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hagbarth 15 hours ago | parent | next [-]

Revenue is all up. And as far as I can see beating expectations.

	▲	wotWhytho 14 hours ago \| parent [-]
		[dead]

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paulddraper 14 hours ago | parent | prev [-]

Stock prices.

The latter would do very little to support my point, as it doesn't consider future growth trends.

	▲	bigstrat2003 13 hours ago \| parent [-]
		The former does far less to support your point, because it's only indicative of what people expect to happen. It is not actually evidence that their predictions will come true.