The SaaS-Pocalypse’s Biggest Losers: Figma, Duolingo, and Monday.com Suffer Brutal Meltdowns

Software-as-a-service stocks powered portfolios for a decade on predictable revenue and fat margins. Then AI arrived. Tools that write code, design interfaces, and automate workflows triggered the so-called SaaS-pocalypse in early 2026. The iShares Expanded Tech-Software Sector ETF (CBOE: IGV) has fallen 35% from its October peak, with even companies posting double-digit growth watching investors flee.... The SaaS-Pocalypse's Biggest Losers: Figma, Duolingo, and Monday.com Suffer Brutal Meltdowns