Last mentioned: Mar 13, 2026
AI Pivot & Layoffs
CEO Zubin Appoo announces 2,000 job cuts and H1 profit beat.
Stock Collapse
Shares drop 70% following allegations against founder Richard White.
E2open Acquisition
WiseTech acquires U.S. cloud firm E2open for $2.1 billion.
The Nasdaq Composite fell 0.9% on March 13, 2026, as a concentrated sell-off in technology stocks weighed on broader market performance. This decline signals a potential recalibration of risk premiums for high-growth software and cloud computing sectors.
Project Kontrast founder Kameron Katsch has launched 'THE WHOLE THING,' an ambitious unified platform designed to address global humanitarian crises. The initiative integrates cloud-based solutions to tackle energy, health, and workforce challenges with a target completion date of 2030.
DigitalOcean is pivoting from general cloud hosting to a full-stack AI platform, reporting a 150% surge in AI-related annual recurring revenue. With projected growth accelerating to 30% by 2027, the company is successfully carving out a high-margin niche among startups and SMBs.
WiseTech Global is slashing 29% of its workforce over two years as it transitions from manual coding to AI-integrated development. The move follows a $2.1 billion acquisition of E2open and aims to streamline operations across 40 countries despite a recent recovery in share price.