The bottom continues to fall for software reviews

Another day, another 52-week low.

It seems that instead of finding a new medium, software vendors' value continues to discover new basements to descend into. This afternoon, software stocks are down about 3%, while the broader Nasdaq Composite is down about 2% by mid-afternoon.

The dramatic collapse in the value of software stocks was a key story that began when the trend began in late 2021. Since then, the value of a dollar of software revenue has been reduced, reduced, pushed back , then reactivated. the shins.

How much decline are we talking about? Here's one way to look at the situation, the Bessemer Cloud Index graph: