Adobe is not buying Figma to keep its prices the same. There are a lot of ways this could play out, but that much is true.
Adobe to acquire Figma for $20B
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Re: Adobe to acquire Figma for $20B
#532This is probably the only tech acquisition that's ever made me sad. I just hate Adobe so much. The nightmare of their installer, the weird store with horrible designs popping up when you activate normal ui stuff, the difficulty in canceling a subscription, and the stasis in their product and ui. Oh and the sloppiness of Lightroom on mac with it's weird ui and that it didn't even import and manage photos well. I've be…
> This is probably the only tech acquisition that's ever made me sad. For me, it was… Atlassian buying HipChat Salesforce buying Tableau Salesforce buying Slack Microsoft buying GitHub (sort of) Alteryx buying Trifacta Oracle buying Cerner
I’d say the GitHub acquisition is the exception in that list. It seems to go well from my perspective as a user.
Re: Adobe to acquire Figma for $20B
#533This is probably the only tech acquisition that's ever made me sad. I just hate Adobe so much. The nightmare of their installer, the weird store with horrible designs popping up when you activate normal ui stuff, the difficulty in canceling a subscription, and the stasis in their product and ui. Oh and the sloppiness of Lightroom on mac with it's weird ui and that it didn't even import and manage photos well. I've be…
For a large company, they also have pretty shady pricing. Like their “annual plan, paid monthly”. You’d think you’re just paying for the monthly subscription, but they hide the fact that you have to pay a penalty for early cancellation in the fine print. Dishonest, expensive, slow.
That pissed me off so much when it got me. I can count the number of dark patterns I've ever fallen for (well, and eventually found out about) on one finger.
It's so stupid too, I'm happy paying subscriptions for things and happy paying a fair price but being tricked into doing it - never again, Adobe. They target their own customers with it to scrape a few more dollars into the current quarter, I guess. Probably some executive bonus targets or something.
Re: Adobe to acquire Figma for $20B
#534here to complain about bloomberg.com - couldn't find any content to read on that page.
Re: Adobe to acquire Figma for $20B
#535Time to find a Figma alternative.
Re: Adobe to acquire Figma for $20B
#536So smart for both Adobe and Figma. Figma posed a serious threat to Adobe and it makes sense for them to do it. The losers are all of us poor sods who were happy Figma customers. Just goes to show that if you want an outsized exit multiple the best way is to put a gun to a $100B company's head.
it's a bit counterintuitive that something can be good for a company (or companies) AND bad for the customers of said company... shouldn't something that is bad for a customer of a company be bad for the company too?
No, the interests of companies and customers are usually at odds with big mergers.
Competition is good for customers, it means different things get tried so there’s more diversity in products and pressure to compete on lower prices.
Figma is not selling to gain any efficiency or benefit from being included in Adobe, people are just looking for a pay day.
These kind of just payday mergers along with private equity profit by destruction mergers need a lot of regulatory backpressure because they simply aren’t in the interests of anybody but the people profiting from them.
Re: Adobe to acquire Figma for $20B
#537According to the FTC the law states that mergers are illegal when the effect "may be substantially to lessen competition or to tend to create a monopoly."
Pretty positive this would lessen competition in design software and restablish Adobe as a monopoly. This merger should be blocked.
https://www.ftc.gov/advice-guidance/competition-guidance/gui...
Re: Adobe to acquire Figma for $20B
#538This is probably the only tech acquisition that's ever made me sad. I just hate Adobe so much. The nightmare of their installer, the weird store with horrible designs popping up when you activate normal ui stuff, the difficulty in canceling a subscription, and the stasis in their product and ui. Oh and the sloppiness of Lightroom on mac with it's weird ui and that it didn't even import and manage photos well. I've be…
Only open and free software can defeat the likes of Adobe.
Can't wait for the dominance of Photoshop to be ended by gimp and ffmpeg, I've found that they work fairly well for whatever editing I need. Maybe open source variety of Figma also exist?
Re: Adobe to acquire Figma for $20B
#539This is really sad :( There are 2 tech companies that I really hate. Whatever they touch they ruin - Oracle and Adobe.
On the other hand, there's now a lot of room for other startups to go Figma-way and try to capture market.
Re: Adobe to acquire Figma for $20B
#540243 times their revenue? From what I can research:
Figma took $332M in funding and has just $82M revenue for 2022.
Adobe must be betting on Figma's 60% YOY growth and probably see them as existential threat.