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Wanderer atop the sea of clouds or whatever

Wanderer atop the sea of clouds or whatever

@WandererUber@poa.st remote
Open link
keep coming back to this take
"Software is the worst performing sector this year so far"

A lot of SaaS companies 5x ed (or more) their revenue yet their stock fell or stalled. This is all because of AI. That's the word on the street. CEOs all say this. And the AI haters revel in it when they land on their face after putting it into practice: Salesforce rehiring people it fired because of AI, Microsoft completely annihilating what was left of Windows, et cetera

It follows then, that if you think AI is not the golden goose everyone promises it is, then it can actually NOT replace all the SaaS software. Or if it can replace SaaS programmers, it can at best replace them at SaaS companies that still have technical people maintaining the product.

So if you are anti-AI and you are not buying SaaS stock, you're just a liar.

RT: https://poa.st/objects/c993830f-b600-4227-a513-8d5c1064d229
Replying to @WandererUber@poa.st
HAPPYPOTAMUS

HAPPYPOTAMUS

@HAPPYPOTAMUS@nicecrew.digital remote
Open link
I was on the fence and then I looked at an ETF that holds Crowdstrike and thought "didn't they have a life-ruining fuckup not too long ago" and saw that they dipped after the incident in 2024 and then went on to double their share price, so I went ahead and placed the buy order

Not that they're inherently valuable but the market will float things far longer than is reasonable, Ultron will be enacting global THD and stockniggers will still be pumping this stuff up

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Replying to @HAPPYPOTAMUS@nicecrew.digital
Wanderer atop the sea of clouds or whatever

Wanderer atop the sea of clouds or whatever

@WandererUber@poa.st remote
Open link
@HAPPYPOTAMUS idk if you should be buying individual stocks with that low level of sophistication, but yeah.
Your example is basically the same thing as what I am thinking. Crowdstrike just has a lot of customers. Sure they will move off eventually if they keep messing up, but like you said
>the market will float things far longer than is reasonable
and this means in practice that they have insurance, that the cost of switching is super high when you have a corp staffed with thousands of incompetents who are unable to understand new things quickly and are also not invested, and so on.

SaaS is the exact same. Like dude millions of people use that every fucking day and their core business model is walled gardening and holding the data hostage. There's just no fucking way businesses are all gonna switch except if AI auto-builds all the data mapping shit you need to have for that and at that point it can just build the new software as well.
But AI, at least according to the haters, will NOT get to that level. So buy SaaS then!