Docusign Inc. DOCU, +2.06% shares fell more than 7% in the extended session Thursday after the e-signature company topped consensus estimates for earnings and issued better-than-expected guidance. The company reported fourth-quarter net losses of $37.2 million, or 40 cents a share, compared with $6.4 million, or 18 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation and taxes on employee stock transactions, among other things, earnings were 6 cents a share.
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Tech is in trouble. Bc a LOT like the tech bubble of the 90’s a bunch of VCs & angel investors spent BILLIONS on tech startups seriously believing we’d be living in a totally automated world by now. But ppl are BROKE & reality is crashing down, on the tech startups AND big names