431–440 of 1001 posts
Every time a merger fails, an angel gets its wings. Force megacorps to actually compete rather than just snapping up their potential competitors. Force startups to aspire to create an actual product rather than just manipulating the lizard-brain fears of irrational megacorp execs in the hopes of a payout.
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> 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…
It’s great to see the FTC is looking into this. Every time I’ve had to deal with Adobe subscriptions it always feels like they put you through some maze which usually ends in being forced to pay a cancellation fee or losing in some other way. I recently lost 160 asset tokens I had saved up in Adobe Stock after canceling my subscription. I’m sure it mentions this in the fine print somewhere but the only reason I had s…
Given how Adobe's last purchase of a drawing program (buying Macromedia ten years after being told to wait a decade after buying Aldus and it being split off to be acquired by Macromedia and then off-shoring Freehand/MX to India and then burying it), good.
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…
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…
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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…
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I don’t even use Figma, but I a glad Adobe won’t be owning them.
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> Force startups to aspire to create an actual product rather I'm getting on to 10 years in the software industry as an engineer at the moment and in my view this is one of its most disappointing and frustrating aspects. The whole software start-up scene just feels saturated with FIRE-obsessed individuals who prefer just about anything (money, vacation, travel, fame, ...) over company, product, real building, craftsm…
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You are technically correct, in the same way "following the letter of the law" can be technically correct whilst missing the spirit.
For what it's worth, the engineers I have worked with in the past who take this utilitarian view of work often produce the poorer quality work and sometimes be really quite difficult to work with. This is because, with this view, "documentation", "design", "planning", "quality", and all those sorts of things tend to take a back seat in their mind as they become totally engrossed by "MVP", "well it works, so?", etc.
Personally, I think nuance is important here - I agree, there's a time for keeping the lights on, getting something to show, appeasing shareholders, and so on. However, there's also a time for taking a step back and taking some time to design, plan, optimize, ensuring quality, long-term stability, and hell, dare I say a bit of craftsmanship; life is short, might as well enjoy what you are doing for 1/3 of it and lavish in the art.
Takes all to make a world, I guess.
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…
This sounds on point. In the small startup M&A market, maybe 50% of deals are falling through? Of the 50% that don't fall through, the vast majority are closing only after being renegotiated in the last hour, e.g. buyers promising to pay $x, but in the last hour the buyer changes their offer to $x/2.(These are deals with zero regulatory review) Most common issues is buyers backing out because they couldn't secure the…
I tried to cancel an Adobe CC subscription the other day and they wanted to clawback $60 for a $120 yearly subscription. And their customer support wasn’t helpful at all. Needless to say, we don’t need more of this kind of behavior, especially with Figma!