Stocks are selling off again, and SaaS shares are taking the biggest lumps

It was just days ago that cries of "stocks only go up," and "no it makes sense that Tesla is going up because it split" and other bits of unironic stupidity were the only thing you could read online about the equities markets. Update: While this piece was in edit, news broke in the FT and the WSJ that SoftBank -- yes, that SoftBank -- was at least partially responsible for the run-up in tech stocks due to some huge wagers.

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