A collapse in Atlassian will not be good for AGL as the market for AGL equity indicates.
AGL is trading like the market thinks Atlassian will collapse (it fell over 3% on Wall Street and has a very negative closing tick. if corporate world starts banning the use of Atlassian software due to workplace privacy concerns, it will fall more than 3%, it may fall the rest of the way?
and GROK will have to force sell its stake?
That is how the market is behaving.
AGL Price at posting:
$7.03 Sentiment: Buy Disclosure: Held
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