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DocuSign Plummets as Forecast Cut Dents Pandemic-Era Halo Again

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DocuSign Inc. plunged the most since December after the e-signature company cut its full-year billings outlook, extending a string of disappointments for a pandemic-era darling.

The pullback “shows a weak demand environment, which may not reverse in the near term,” Bloomberg Intelligence analyst Anurag Rana said in a note.