Newsletter: SaaSy Claude & Market Crash
One Brixo Update and the typical AI, Claude, SaaS where are we headed FUD.
Welcome to the latest edition of the Brixo newsletter where we share a brief update from us then all the AI madness we read from this past week.
Brixo Latest
Our team is hustling to deliver weekly product improvements. If you’re interested in seeing what we’re building, drop us a note. In the meantime, here’s what’s new this week in Brixo:
This release delivers easier team management, cleaner and more flexible analysis, longer-term trend visibility, more intuitive Explorer tables, and snappier, more reliable everyday interactions — helping admins, analysts, and everyday users work faster and with less friction.
Read the full release announcement
What Stood Out
The hottest discussion on X other than OpenClaw is the future health of SaaS. The public markets have given us a strong indication of how it believes it will go:
“The entire B2B software sector is getting hammered on fears that AI will eat everyone’s lunch — HubSpot down 39% YTD, Figma down 40%, Salesforce and ServiceNow both way down.”
Atlassian just reported its Q2 FY26 results and ... they crushed it:
$6.4B+ ARR, $1.6 billion in quarterly revenue, up 23%.
Atlassian is accelerating (albeit modestly) — up from 20% growth
Their first-ever $1 billion cloud quarter.
And yet the market “hates it”. The stock is sitting near its 52-week low at ~$95, down about 70% from $326.
It’s trading at just 4x forward revenues
What We Read/Listened/Watched
Enterprise software at an inflection point, as AI reshapes the industry
AlixPartners just made news in this article on Business Insider about predicting the SaaS crash correctly. Here’s their full prediction report.
Claude Code is the Inflection Point
A fascinating deep dive on Claude Code with some very interesting stats such as that over 10% of commits on Github are from Claude Code. A number that we expect to increase dramatically.
A hilarious, cringe, and honest breakdown of LinkedIn compared to other platforms.
The most useful UX test you’re not doing
A really cool way to leverage AI for UX testing. I’ve done this myself and highly recommend.
Final Brick
FUD is strong right now and I don’t want this to be true, but it is funny in a twisted way.
