Post @onusoz your margin is my opportunity @fchollet· Feb 23, 2026The part of the SaaS bear thesis I actually agree with is "margins will have to come down, due to increased ease of migration & increased competition." SaaS margins were often way too high and that wasn't sustainable forever. It's a very different take than "SaaS is dead" thoughShow more11:56 AM · Feb 23, 2026 View on
