Adobe Plunges To 7 Year Low On CEO Resignation, Muted Forecast

Adobe Plunges To 7 Year Low On CEO Resignation, Muted Forecast Troubled SaaS icon Adobe tumbled after hours, sending its stock to 7 year lows after the company announced that CEO Shantanu Narayen will resign from the creative software giant amid deep skepticism about the company’s ability to survive and thrive in the AI era. Narayen had served as CEO of the company for 18 years, and will remain in the position until a successor has been appointed, Adobe said Thursday in a statem...

By Tyler Durden