Cloud stocks take a beating
https://techcrunch.com/2018/11/19/cloud-stocks-take-a-beating/
It was a stormy Monday for cloud stocks today with the general trend pointing way down. Okta stock took the biggest beating, down over 15 percent to $48.67 and even mighty Salesforce had its worst day since 2016, according to CNBC, down 8.7 percent to $121.01.
Wall Street was apparently disenchanted with just about every cloud company, large and small and in between. Nobody it seemed was spared investor’s wrath.