The SaaSpocalypse isn’t killing software. It’s exposing where software value really lives0

• Business, Commentary, Finance
• May 19, 2026

The term “SaaSpocalypse” arrived in February 2026 as a way to describe a market shock. $285  billion in soKware valuaLons erased in 48 hours. Traders coined it as shorthand for panic. But  strip away the drama, and what you’re left with is a genuine repricing of where enterprise  software value actually lives.  I’ve spent years