Markets
FinancialContent: B2B Software Stocks Plunging 20% YTD — Salesforce -30%, Adobe -27%, Era of Blind Faith in Recurring Revenue Is Over
FinancialContent's March 24 companion analysis details the specific damage: Salesforce stock plunged 30% YTD to ~$185 (multi-year low) as investors fear CRM seat model is existentially threatened. Adobe dropped 27% YTD as generative design agents challenge creative suite dominance. The IGV software ETF is down 22% YTD. The analysis concludes: 'The era of blind faith in recurring revenue is over, replaced by disciplined focus on how much value a software tool actually generates in an autonomous economy.'
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