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Figma and Adobe abandon proposed merger

figma.com

261–270 of 1001 posts

Re: Figma and Adobe abandon proposed merger

#261

Earlier quoted context omitted.

Yes, XD directly competes with Figma.

It could. XD is dead but maybe this might inspire Adobe to revive it.

They will be forced to now, isn't it? I am sure they wouldn't want to start from scratch. But have to admit, XD was nothing as compared to Figma right now.

Re: Figma and Adobe abandon proposed merger

#262

Excellent 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-...

imo, Adobe is falling behind. Photoshop's generative AI is substantially worse than what I can get from models on Tensorart/CivitAI + an upscaler. It's way easier to produce something that can go live right now without much editing in CivitAI -> Upscale in Magnific -> Add to Canva.

I think what you mean to say is Stable Diffusion. CivitAI is primarily a host for SD models to download and run locally.

Re: Figma and Adobe abandon proposed merger

#263
post #149

Anyone else think this has nothing to do with the regulatory agencies but instead the market has dramatically shifted in the past 15 months in terms of valuations and this is a nice cover to cancel the deal? Figma still gets $1B "investment" without giving up any equity or control and Adobe gets to walk away from a massive $20B fee. Adobe makes $17B a year in revenue, they would need some pretty strong growth out of…

you are right also with genAI trend adobe is drinking the kool-aid like everyone else and most likely all investment will go to that. to be fair they are the best company to ride this wave and the new photoshop features already proves that

Re: Figma and Adobe abandon proposed merger

#265

The US should start doing something about these foreign governments meddling in US business before it's too late. EU and UK and seemingly everyone else is passing laws and setting up bureaucracies specifically to implement unfair trade restrictions and barriers against US companies and they're basically doing it unopposed, you'd think these actions would at least trigger some tariff threats and WTO complains sadly th…

Let's forget Europe and let's focus on the US market alone.

If we do the math, we have to ask - where would those 20 billion dollars come from that were to be paid by Adobe to Figma investors? I'm sure not from Adobe's coffers, their bean counters would place them onto subscription pricing with a time cap to recoup all that cost. For sure.

I would assume that regulators aren't unaware of that in the said markets (UK/Europe) and are not pro investor (few hundreds) rather pro consumers (millions)

Re: Figma and Adobe abandon proposed merger

#266
post #149

Anyone else think this has nothing to do with the regulatory agencies but instead the market has dramatically shifted in the past 15 months in terms of valuations and this is a nice cover to cancel the deal? Figma still gets $1B "investment" without giving up any equity or control and Adobe gets to walk away from a massive $20B fee. Adobe makes $17B a year in revenue, they would need some pretty strong growth out of…

Curious why you are referring to the termination fee as an investment, does Adobe get anything back in return for it?

Along those lines, maybe that would have been a better course of action in the first place, give Figma some money as an investor and own a piece of the upside as Figma grows, would probably have faced little or no regulatory resistance

Re: Figma and Adobe abandon proposed merger

#267

Earlier quoted context omitted.

> The entire purpose of starting a company is to get acquired. The vast majority of companies are little "lifestyle" businesses without any intention of ever getting acquired by anyone. Your local pizza shop doesn't expect to be a unicorn.

And *this* is The Key difference between an entrepreneur and a mom & pop. That said, even a mom & pop should be mindful of exit. What happens when the owner(s) wants to retire? Or has a serious health issue? Or has a family member with a health issue? Etc.? You don't have to be a unicorn to build something that someone else wants to acquire. Editorial: And this is why I dislike words like solopreneur, mompreneur, and…

I'm pretty sure Sam Walton didn't establish Walmart with the hope of being acquired.

It's bizarre that we live in a time where we can't even fathom a business that is fundamentally very profitable, we just envision growing the company until it's attractive enough for someone else to take on the unsustainable cost of running the business: either get acquired by a large company or hoist your debt onto the public market.

Investment really did used to be about more than a complex "greater fool" game.

Re: Figma and Adobe abandon proposed merger

#268

Earlier quoted context omitted.

You are mistaken. The purpose of a company is to make a profit and provide a good or service. In that order. Everything else is a hobby.

Nope. Profit follows the goods and services, not the other way around.

Tell that to Too BIG to FAIL banks…look at the Billions given from the government to lobbying companies.

Re: Figma and Adobe abandon proposed merger

#269
post #13

Earlier quoted context omitted.

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.

Yeah, I get it, some founders start their startup motivated by a potential MA. And this is great for them. However, as a customer, I absolutely hate this. Instead of finding a way to actually make the product/service self-sustainable, they just increase the number of (usually) free users. But once they sell, normally the new owner either shuts the service down or turns it into crap.

Agreed. I think if you’re passionate about an idea then you should be able to channel that energy into making it a sustainable business. If you can’t motivate yourself to do that… maybe let someone else who is motivated do it.

Re: Figma and Adobe abandon proposed merger

#270

Earlier quoted context omitted.

Glad the FTC is going after them. All predatory subscription practices need to be abolished by law.

If you like what the FTC has been doing lately, be sure to vote in 11 months...

I mean, sure, but what the FTC is doing is not a concern in the slightest compared to the issues at stake there. It's nice that the agency is doing something I like, though.
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