Snyk was worth $8.5 billion. The price of its employees' stock has collapsed.

Snyk advisor and former CEO Peter McKay. John Tlumacki/The Boston Globe via Getty Images Cybersecurity startup Snyk was valued at $8.5 billion in 2021. The rise of new AI tools hit it hard. The price of each Snyk share given to employees has plummeted to $1.16, a document says. Snyk said it doesn't comment on employee share valuations. Snyk was one of cybersecurity's brightest startup stars, worth $8.5 billion at the height of the software boom. Now, the value of the stock it gives employee...