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Wall Street just lost $285 billion because of 13 markdown files

The "SaaSpocalypse" began on the 3rd of February 2026 - with $285bn wiped off technology companies on the public markets. Reading into it, I was surprised to see mention of Anthropic launching a legal tool. I use Claude a lot, and I hadn't heard of it. A cursory web search didn't bring anything up. It turns out the "legal tool" in question is a collection of markdown files in the knowledge-work-plugin on GitHub. It's approximately 156KB - which means for every byte of markdown, nearly $1mn was w...

Read more at martinalderson.com

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