Claude AI Skills and the SaaSpocalypse: What Actually Happened

Minimal illustration of an AI assistant icon connected to a glowing database cylinder through small modular skill blocks, with faded app windows in the background.

The software industry lost between $1 and $2 trillion in market cap in just the first few weeks of February 2026. Duolingo’s stock is down 83%. Investors are calling it the SaaSpocalypse. Most people are pointing at AI and saying it’s going to make software easier to build, which means more competition for existing SaaS […]