Unless their revenue takes a long term hit over the outage, no reason for the stock market to care. There isn't news of people actually planning to stop using Atlassian products over this. The only direct consequence is going to be the one time payment of SLA credits. So I guess the part I find surprising is how little impact this looks like it will have on people using their products more so than I am that the stock market doesn't care much about this.

It was a long time ago individual stocks represented anything grounded in reality. People talk about "fundamentals" and so on, but that's not what the price is based on. I don't think anyone know why the prices move as they do anymore, as there are so many algorithms involved today, both manual and automatic ones.

Yeah, I place a Put option order yesterday. By end of day I was up over 50% and now down to 50% of what I original purchased the Put at because it went up 5% today.

Oh well, better luck next time.

in some ways it should be bolstered by this because most of the customers appear helpless, just passively waiting for their data to be restored. It shows that Atlassian have them at their mercy and it must therefore suggest that there is a lot of lattitude to extort more out of them through abusive licensing terms / price increases in the future.

The market will react at the next earnings report, not now. And only if customers start to bail.

it was at $317 on the day of the outage and now at $278.5. A ~12% drop. You're right, not much of a drop for such a large outage.

the stock is on a rally today - just goes to show - the market is full of surprise