[cheriot]

It was priced at 30x sales! Now it's back to 10x sales... which is a slightly higher multiple than before the pandemic.

For context, here's the p/s of the S&P 500 https://www.multpl.com/s-p-500-price-to-sales

DocuSign's management chose to lose money in pursuit of growth. Then the growth stopped and they were just losing money.