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Fear, loathing and corporate gifting



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Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. 
Three themes this weekend, my dear friends. The first is fear, namely market concern. The second is loathing, or my gut reaction to a particular bit of corporate news. And, finally, corporate gifting, a dive into a fascinating startup war. Let’s go!
Fear
DocuSign took a gut punch this week, with the e-signature company’s stock price dropping by more than 40% on Friday as I write to you. That’s among the worst post-earnings share-price movements I have ever seen, aside from cases of fraud or other corporate shenanigans.
What happened? DocuSign beat revenue expectations in its most recent quarter (Q3 fiscal …

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