Software stocks have gotten crushed in 2022.

Sky-high valuations coming into the year, rising interest rates, and macroeconomic pressures have led to a collapse in share prices nearly across the board.

Amplitude (NASDAQ: AMPL), a small-cap software-as-a-service (SaaS) stock that went public through a direct listing last September, is no stranger to the market pain. The stock intially soared in its debut but plunged sharply after it slashed its guidance in February, and the stock has yet to recover.

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Source Fool.com