Funds were adding to eight of these ten through the summer, then every one of them fell harder than the Nasdaq in a single October session, and what separates the cheapest name from the dearest is which ones actually earn money.
Cloud software is sold by subscription, which is supposed to make it the steadiest revenue in technology. A customer signs for a year or three, the money arrives monthly, and the cost of serving one more account is small. That is the case for owning these businesses, and it is a good one.
It is not what the market did to them on October 16. Every one of the ten companies on this list fell that day, and every one of them fell further than the Nasdaq, which was down 2.14%. Twilio lost more...
