Software is Dead: Code is Cheap, But Trust is Not

Sam Altman says software-as-a-service (SaaS) is entering its “fast fashion” phase — cheap, disposable, quickly assembled.The stock market seems to agree.Since the start of the year, investors have sold off SaaS firms en masse. Shares of ServiceNow (NYSE: NOW) and Salesforce (NYSE: CRM), two of the most prominent SaaS firms, have pulled back sharply. Meanwhile, Atlassian (NASDAQ: TEAM) shares have been cut in half since the start of the year. The panic has spread to gaming platforms and cybersecurity firms o ...