ServiceNow slumps 12% in wake of CEO's economic comments

Jul. 12, 2022 11:33 AM ETServiceNow, Inc. (NOW)MSFT, CRM, ADBE, WDAY, SNOW, FRSHBy: Rex Crum, SA News Editor65 Comments

ServiceNow office building in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

ServiceNow (NYSE:NOW) shares slumped as much as 12% Tuesday as investors reacted negatively to some comments about the cloud-software company's business from Chief Executive Bill McDermott.

During a TV appearance on CNBC late Monday, McDermott spoke

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