What happened Shares of enterprise software darlings Snowflake (NYSE: SNOW), Appian (NASDAQ: APPN), and Twilio (NYSE: TWLO) plunged on Friday, with the stocks down 8.1%, 8.2%, and 5.3%, respectively, as of 3:50 p.m. TWLO Percent Off All-Time High data by YCharts Now what It has been a difficult year for high-growth digital technology stocks that saw rapid adoption during the pandemic as the pandemic trade unwinds. Yesterday, the Bureau of Labor Statistics released February inflation data that showed a whopping 7.9% year-over-year increase, which was even bigger than expected.