> 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.
Your point was that "they are being replaced by..." not "The market expects them to be replaced by...". The former would only be supported if their businesses were already actively being displaced (which may very well be the case), but the stock market only supports the latter.
All of that being said, I do think what you're describing is happening, or at least will happen. I just don't think people placing bets on it happening counts as evidence.
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.
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.