Atlassian's $140B Valuation Wipeout: The AI Agent Threat to SaaS
Atlassian co-founder Mike Cannon-Brookes has seen his net worth halved to $7.7 billion as AI-driven fears trigger a 70% collapse in the company's stock. Investors are increasingly wary that AI agents will disrupt the traditional per-seat licensing model by drastically reducing the human workforce required for enterprise tasks.