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Figma and Adobe abandon proposed merger

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Re: Figma and Adobe abandon proposed merger

#421

Post by strix_varius »

preommr wrote: post #164

What a disaster for Adobe. They signal they can't build something to outcompete Figma. Their stock price falls They axe their existing competing product, and is therefore now way behind. They face problems with the acquisition, which makes their stock price fall again because it signals that not only can they not build products they can't use their money to buy companies that do. Then it's confirmed they can't acquir…

Figma had revenue about in line with Heroku, with a similar growth curve. However, Figma has an even more difficult expansion story than Heroku because it's already near 100% market penetration for its core market.

Salesforce bought Heroku for $212 million. By avoiding spending $20 billion for a similar company, in my estimation Adobe has finally come to its senses.

This really seems like an executive wanted to make an unrealistic long bet a couple of years ago, and since then Adobe has seen Figma's financials and cooler heads prevailed.

Re: Figma and Adobe abandon proposed merger

#422

Post by dylan604 »

_fat_santa wrote: post #301
jan_Inkepa wrote: post #248

Earlier quoted context omitted.

Also that their cancellation window has limits on both sides - I told them more than six months I advance to cancel my renewal and the refused and toll me to call up again in a particular 30 day period close to the expiry date...

When your business has to depend on subscription engineering like this, it means the underlying product is not good enough to stand on it's own feet.

Your comment makes me think you have no experience with Adobe's product line if you think it can't stand on it's own feet. In fact, after Windows, I'd imagine Adobe software being one of the most pirated apps out there. Doubtful people would pirate software that's no good.

While your whimsical comment might apply to some rent seeking subscription products, as phrased, it does seem like you are totally out of line with it application in this thread.

Re: Figma and Adobe abandon proposed merger

#423

Post by wmeredith »

hliyan wrote: post #106
schneems wrote: post #81

Earlier quoted context omitted.

What’s the best way to send signals to regulators?

I think more people talking about it publicly on social media will do. Today, social media seems to drive at least some part of traditional media coverage, and traditional media coverage at least in part drives political debate and at least a part of that drives actual policy.

> talking about it publicly on social media will do

No way. Slacktivism is a pejorative for a reason. Compared to an upvote or a comment on [social media platform], a call or physical letter will have between 10 and 10,000 times the impact on your targeted public servant.

Re: Figma and Adobe abandon proposed merger

#424

Post by [deleted] »

madeofpalk wrote: post #6

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-...

[deleted]

Re: Figma and Adobe abandon proposed merger

#426

Post by dylan604 »

DaiPlusPlus wrote: post #30
dkyc wrote: 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.

I'm fine with some other company buying-up Figma, just not Adobe. Microsoft could buy them (and hopefully not repeat what happened to Expression Blend) - or maybe Alludo could resurrect the Corel brand and launch Figma under that title?

I'm fine with some other company that has a track record of doing bad things to the things they've purchased, which is no different than the company I'm against buying this company.

How are you okay with MSFT? The logic is not very sound

Re: Figma and Adobe abandon proposed merger

#427

Post by huevosabio »

raiyu wrote: 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…

Regulation doesn't have to say "no" to suppress activity, it can also make it painfully long.

Re: Figma and Adobe abandon proposed merger

#428

Post by smitty1110 »

danpalmer wrote: post #271
madeofpalk wrote: post #6

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-...

> Adobe says the FTC is looking into its subscription cancellation practices Great news, where do I testify? Adobe tried to bribe me personally to not fight their subscription cancellation policies for the company I was representing. Given how obviously unimpressed I was with the whole thing and how I was clearly not the target market of a creative cloud subscription, I can only assume that this is a policy that the…

I looked around, and I can't find any names to pin to the investigation. There's a very low-tech way to find public staff contact information, but you need a name. I don't even have a telephone number for what is probably the correct group (Division of Financial Practices), just their DC mailing address. Regardless, I can tell you that right now that Washington offices are empty. Skeleton crews only. Check back in after the first of the year.

Re: Figma and Adobe abandon proposed merger

#429

Post by [deleted] »

[deleted] wrote: post #424
madeofpalk wrote: post #6

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-...

[deleted]

[deleted]

Re: Figma and Adobe abandon proposed merger

#430

Post by [deleted] »

raiyu wrote: 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…

[deleted]
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