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Software companies have experienced significant stock declines this year, according to data shared by Jon Erlichman. Among the biggest drops are Atlassian at -57%, Asana at -54%, and PagerDuty at -52%.
Other notable technology firms such as Unity, MongoDB, GitLab, Workday, HubSpot, Zscaler, Intuit, ServiceNow, Adobe, DocuSign, Salesforce, and Snowflake also reported losses ranging from -30% to -50%.
Erlichman has previously chronicled notable investment outcomes, such as a Ford lawyer's $5,000 stake that grew to $12.5 million between 1903 and 1919. He has also covered Brian Madden's selection of eight so-called quadruple threat stocks with long-term potential. These earlier accounts contrast with the recent declines seen in the software sector.