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DocuSign stock craters to worst day on record after ‘one of the biggest SaaS whiffs in recent memory’

·3 min read
DocuSign stock craters to worst day on record after ‘one of the biggest SaaS whiffs in recent memory’
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DocuSign Inc. emerged as a hot pandemic stock play last year as it benefited from the need for digital contract tools, but the company lost more than 40% of its valuation Friday after suggesting the pandemic-induced demand boom is waning.