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927 Intuit is betting its 40 years of small business data can outlast the SaaSpocalypse

VentureBeat
VentureBeat 3 place · 03/02/2026 16:00 EDT

Intuit has lost more than 40% of its market cap since the beginning of the year. It's not alone. Many established SaaS players have seen their stock prices fall in recent months, including Adobe and IBM — the latter experiencing its most significant one-day drop (roughly $40 billion) with Anthropic's announcement that Claude could now read, analyze and translate legacy COBOL into modern languages like Java and Python. The market has a name for it: the SaaSpocalypse.The argument from investors and market wat

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