Cloud software buyers are getting frugal, leading to slower growth at former highfliers
Publishing timestamp: 2024-03-19 09:00:01
Summary
Net revenue retention rates in cloud software are declining, indicating businesses are cutting costs. Companies like Snowflake, Twilio, Zoom, Amazon, ZoomInfo, and DigitalOcean have seen drops in their NRR. Insiders at Meta and Coinbase are selling stock during the rally. Wells Fargo downgraded Tesla.
Sentiment: NEGATIVE
Tickers: SNOW, ZI, DOCN, ZM, AMPL, MSFT, AMZN, TWLO, GOOGL,
Keywords: business news, enterprise, zoom video communications inc, breaking news: technology, microsoft corp, zoominfo technologies inc, twilio inc, amplitude inc, amazon.com inc, digitalocean holdings inc, technology, alphabet inc, snowflake inc., business,