Live Updates > Live Update Details
2026-02-20 04:10:21
Global stock markets sold off industries threatened by artificial intelligence (AI), causing Atlassian's stock price to plummet 50% this year, making it the worst-performing stock in the Nasdaq 100. The company's founders, Michael Cannon-Brookes and Scott Farquhar, have seen their wealth shrink by about $7.2 billion this year, a drop of one-third, causing them to fall out of the Bloomberg Billionaires Index top 500. However, Cannon-Brookes remains optimistic about the impact of AI, saying that "AI is one of the best things Atlassian has ever experienced" and that the company will continue to invest heavily in AI research and development.
