Software as a Service Stocks: Down Nearly 40% In 2008
The U.S. economic crisis continues to undermine software as a service (SaaS) stocks. MSPmentor’s SaaS 20 Stock Index fell 15.29 percent to close at 606.61 for the week ending October 10. The index is down 39.34 percent since the start of 2008, proving the fast-growing SaaS industry is not immune to the economic crisis.
Here’s a look at the complete SaaS 20 Stock Index, and the year-to-date performance of its individual members.