Adobe to acquire Figma for $20B • Hacker News Board

Re: Adobe to acquire Figma for $20B

#541

Post by joshe » Thu, Sep 15, 2022, 4:50 PM UTC

tristanb wrote: post #510

joshe wrote: post #379

This 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…

I considered putting Adobe in a VM because i didn't want the 30,000 extra processes running when I install it. Its embarrassingly fragmented and bad. I absolutely dread the moment when I need to install CS on my new machine.

Maybe 15 years ago I ended up fencing the CC stuff off with firewall rules because it was the fastest way to deal with its awfulness.

With the next computer for half a year it was always this queasy, i should probably install illustrator now, but once I do I can never go back. Maybe I can hold out another few weeks. This is for a corporate paid for version that would make my work easier. Eventually I buckled and it ruined another computer.

10 years free though!

Re: Adobe to acquire Figma for $20B

#542

Post by makobado » Thu, Sep 15, 2022, 4:50 PM UTC

that is too much

Re: Adobe to acquire Figma for $20B

#543

Post by kybernetyk » Thu, Sep 15, 2022, 4:50 PM UTC

$20b? I guess hyper inflation is a thing. How long will they need to recoup the purchase? How many customers does figma have and how much do they pay to justify $20B?

Re: Adobe to acquire Figma for $20B

#544

Post by log101 » Thu, Sep 15, 2022, 4:51 PM UTC

Noooooooo!

Re: Adobe to acquire Figma for $20B

#545

Post by andsoitis » Thu, Sep 15, 2022, 4:52 PM UTC

I read mostly disappointment here that Adobe will harm/destroy Figma.

We have to remember, though, that Figma leaders think otherwise…

Re: Adobe to acquire Figma for $20B

#546

Post by mkaic » Thu, Sep 15, 2022, 4:53 PM UTC

fblp wrote: post #450

javajosh wrote: post #141

Earlier quoted context omitted.

I don't think "the government" does anything unless someone complains. In this case, the process is to send a letter requesting a "Business Review" [1]. It's probably a "fill out this simple 30 page form, wait 2.5 years (max!) and then have your review request politely declined" situation, but I suppose it's foolish to complain before trying. It feels like one of those processes that costs lawyer money that another b…

Anyone here can lodge this simple form. If you think this merger will substantially lesson competition and stifle innovation lodge a complaint: https://www.ftc.gov/enforcement/report-antitrust-violation At a minimum, they will investigate this and make inquiries (typically within months) if they see a high volume of complaints. https://www.ftc.gov/advice-guidance/competition-guidance/gui... "Some mergers change marke…

Just filed a complaint! I didn't know this form existed, as I've never genuinely wanted to file an antitrust complaint before, but there's a first time for everything and I despise Adobe so it gets the honor of being in my first FTC complaint.

Re: Adobe to acquire Figma for $20B

#547

Post by gadders » Thu, Sep 15, 2022, 4:53 PM UTC

nytesky wrote: post #345

gadders wrote: post #103

Great news for Invision. They must be stoked.

How is that good news? Their biggest rival is now part of a monopolistic Goliath? Or do you mean the valuation helps boost their value?

There biggest rival is going to fall apart under the dead hand of Adobe.

Re: Adobe to acquire Figma for $20B

#548

Post by BonoboIO » Thu, Sep 15, 2022, 4:54 PM UTC

hackitup7 wrote: post #458

So 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.

Perfect summary. Nothing to add.

I find it odd that sometimes, founders want only one thing, to be number 1. At first its a good thing, but if that doesn't work their goal is destroying their company. When you can sell your company for X billions instead of XX billions ... you succeeded in life.

Show me one real thing that you can do with XX billions, that is not possible with X billions. Excluding a star destroyer ;-)

Re: Adobe to acquire Figma for $20B

#549

Post by jayd16 » Thu, Sep 15, 2022, 4:54 PM UTC

hackitup7 wrote: post #458

So 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.

A competitive product in an established, profitable market space? It's not a revelation but you're not wrong.

Re: Adobe to acquire Figma for $20B

#550

Post by npteljes » Thu, Sep 15, 2022, 4:54 PM UTC

mirzap wrote: post #539

This 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.

I don't see how Oracle ruined Java or MySQL for example.