Some SaaS Stocks Are Actually Still Doing Pretty Darn Well. E.g, Sprout Social, ZoomInfo, Zscaler, etc.
SaaStr
MAY 21, 2022
Sprout Social IPO’d in Dec 2019 at an $800m market cap. It IPO’d early, in a crowded space. But they kept on going, and gong, and growing. 2.5 years later, in a market down 50% …. They’re worth $2.7 Billion #golong pic.twitter.com/nA8jSXgehx. — Jason BeKind Lemkin #???????????? (@jasonlk) May 20, 2022. The markets for SaaS and Cloud stocks are down 50%+ in just a few months, and it hasn’t spared even the leaders.
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