The software maker, which earlier said it had plans to cut positions affecting less than 1% of its total workforce, is latest tech company to show signs of concern about future demand. Read More...
Motley Fool
Why Snowflake, Datadog, and MongoDB Rebounded on Monday
Shares of enterprise software companies Snowflake (NYSE: SNOW), Datadog (NASDAQ: DDOG), and MongoDB (NASDAQ: MDB) bounced back strong today, up 9.1%, 7%, and 7.2%, respectively, as of 1:35 p.m. ET. Overall, the macroeconomic picture seemed to improve slightly today, as the United Kingdom’s new government announced it would be reversing its prior tax cut plan, which caused chaos in the currency and government bond markets. Long-term U.S. bond yields also retreated slightly, perhaps helping sentiment for high-growth software stocks.
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