Amazing news!!!!!!!
Figma and Adobe abandon proposed merger
11–20 of 1001 posts
Re: Figma and Adobe abandon proposed merger
#12This is sad for the overall M&A market. Companies are going to be scared to enter into these agreements because it’s just a waste of time and money when it inevitably ends up like this.
Which I think is overall good for the consumer, many of the companies are only merging to lessen competition, not provide any extra value to us.
Re: Figma and Adobe abandon proposed merger
#13Excellent news. I think there should be more products, more companies, and more competition. Adobe just buying up it's competition will only ever directly hurt consumers. See also, "Adobe says the FTC is looking into its subscription cancellation practices." https://www.theverge.com/2023/12/15/24003532/adobe-says-the-...
Except outlawing acquisitions by larger tech companies will absolutely reduce funding and incentives to start companies, and result in less products, less companies, and less competition.
Re: Figma and Adobe abandon proposed merger
#14I don’t even use Figma, but I a glad Adobe won’t be owning them.
Yeah I miss Adobe Lightroom but you don’t get to install it, adobe takes over your computer
Re: Figma and Adobe abandon proposed merger
#15This is sad for the overall M&A market. Companies are going to be scared to enter into these agreements because it’s just a waste of time and money when it inevitably ends up like this.
In the same way that animal cruelty laws is bad for the cock-fighting market. Is the "M&A market" a valuable market worth having?
Re: Figma and Adobe abandon proposed merger
#16Excellent news. I think there should be more products, more companies, and more competition. Adobe just buying up it's competition will only ever directly hurt consumers. See also, "Adobe says the FTC is looking into its subscription cancellation practices." https://www.theverge.com/2023/12/15/24003532/adobe-says-the-...
Except outlawing acquisitions by larger tech companies will absolutely reduce funding and incentives to start companies, and result in less products, less companies, and less competition.
This is so far from outlawing. And we are soooooo far from having a shortage of tech startups.
Re: Figma and Adobe abandon proposed merger
#17It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
The entire purpose of starting a company is to get acquired. Of the literally hundreds of companies that YC has invested in, only 5 have gone public.
The VC market will dry up even more if they see their chances of an exit diminishing because of an overzealous government.
Re: Figma and Adobe abandon proposed merger
#18Excellent news. I think there should be more products, more companies, and more competition. Adobe just buying up it's competition will only ever directly hurt consumers. See also, "Adobe says the FTC is looking into its subscription cancellation practices." https://www.theverge.com/2023/12/15/24003532/adobe-says-the-...
Except outlawing acquisitions by larger tech companies will absolutely reduce funding and incentives to start companies, and result in less products, less companies, and less competition.
This isn't that though. This is a company with a clear monopoly trying to hoover up smaller competition to reduce competition. We shouldn't incentivise this behaviour, on either end.
If this is the liquidity event that Figma were betting on from day 1 that's their mistake for not foreseeing regulators being unhappy about it.
Re: Figma and Adobe abandon proposed merger
#19I don’t even use Figma, but I a glad Adobe won’t be owning them.
Yeah I miss Adobe Lightroom but you don’t get to install it, adobe takes over your computer
It’s total madness, isn’t it. Long time user, from 1-5, then everything fell apart with CC, subscriptions and the clusterfuck of shite installed on my Mac.
Re: Figma and Adobe abandon proposed merger
#20There's a $1B fall through fee, I assume that gets paid to Figma now? I wander if that will make its way to early employees who were hoping for a liquidity event.
Perhaps it could make an IPO more likely instead? And that would make its way to early employees.