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Why HubSpot Plunged Today

TheMotleyFool

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Why HubSpot Plunged Today: https://g.foolcdn.com/editorial/images/869286/gettyimages-1366146199.jpg

Shares of marketing and customer relationship automation software firm HubSpot (NYSE: HUBS) plunged on Friday, falling 20.1% as of 1:37 p.m. EDT.

HubSpot has been caught up in this year's "SaaS-pocalypse," in which fears over AI disrupting the software industry have driven meaningful sell-offs in most software stocks.

The phenomenon also means that any imperfection in reported earnings is magnified, and that appears to have happened to HubSpot today following its first-quarter earnings release last night.

Source Fool.com