Shares of Okta dropped nearly 18% today in the wake of yesterday’s earnings report, as investors seemed alarmed over comments CEO Todd McKinnon and CFO Brett Tighe made on an earnings call about slowing sales to new and existing customers. The sell-off, which happened despite a strong quarterly earnings report in which Okta raised its annual sales and operating income targets, illustrates the...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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