OMG… what a mess software companies have become over the last 2-months.
While the Wall Street is slapping software with AI as the open palm, Adobe has really bated the brunt of the narrative.
Companies are using AI models trained on their business to create graphics that are “good enough”. You don’t pay for a creative employee in house and you don’t need a license to Photoshop.
Fewer licenses for Adobe Acrobat are needed in office.
Looking at the 6-month trend, it’s a freaking disaster. $300/ps to $180/ps.
While many analysts were calling a swing, that just didn’t happen.
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