511–520 of 1001 posts
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What's wrong with selling goods and services for more than they cost?
What are you replying to? edit: Got it. I just woke up when I asked.
Operating as a sustainable business that sells a good product for a profit is apparently not even on people's radar.
> Fifteen months into the regulatory review process, Figma and Adobe no longer see a path toward regulatory approval How in the world did it take fifteen months for regulators to reject this? That’s an absurdly long time to be operating a business in limbo, and I have to assume it’s the regulators dragging their feet since the companies have every incentive to move quickly. I don’t have an opinion on whether or not t…
you can expect a serious chilling effect on M&A. Promise?
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Might be technically possible from an app, but in the USA, the backoffice won't approve it without one-on-one interaction.
> in the USA, the backoffice won't approve it without one-on-one interaction For a business like Adobe, yes. They’ll probably want a verification call. Plenty of funds, however, handle similarly-sized transactions with completely electronic verifications.
While I do see this as great news (for all the reasons others have outlined), I wonder how this will impact VC in the future; If the current goal is for companies to get VC money, burn that cash for years and years and years, and then have a huge IPO or acquisition (that makes it all worth it), it would seem regulatory issues would start to scare away investment.
>it would seem regulatory issues would start to scare away investment. Or maybe the goal ought to change. Maybe everything getting acquired by a huge corporation is not a good thing.
Bad news for Figma. I am hundred percent sure that Adobe's alternative product will dominate the entire design market.
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> the Company will make a cash payment to Figma in the previously agreed amount of one billion dollars ($1,000,000,000) (the “Termination Fee”) within three business days following the date thereof Three business days to wire $1b, the week before Christmas. That has to be a fun phone call with the bank.
How is this an issue? You can easily wire up to 999 million with just a mobile device any work day. If you think im joking no I’ve designed it for major banks.
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I think the issue is that when you buy up your competition there’s nothing stopping you from charging obscene prices in either direction. Charge low to wipe out potential competitors then high when there’s no one left. It very clearly stifles innovation and god knows we don’t regulate monopolies anymore.
Dropping prices below cost to wipe out competitors is predatory pricing which is prohibited under the antitrust laws. It's not always easy to prosecute, but it against the law nevertheless.
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I think what you mean to say is Stable Diffusion. CivitAI is primarily a host for SD models to download and run locally.
You can run many of the models directly through CivitAI. You get lower quality images, but you can upscale them through an upscaler. Just go to any model and click "Create". You can even use examples from the model to prefill the prompt. For example, you can scroll down and click "Start Creating" on this page: https://civitai.com/images/3908138
That is wild. It's a good thing as it means Adobe won't ruin Figma like they did with so many great software products before, but just imagine founders, investors and employees, thinking they had a really good exit.. That must hurt, I hope they can stay motivated. If Adobe can't buy them, what other exit options do they have? Go public?
What's wrong with selling goods and services for more than they cost?
That is wild. It's a good thing as it means Adobe won't ruin Figma like they did with so many great software products before, but just imagine founders, investors and employees, thinking they had a really good exit.. That must hurt, I hope they can stay motivated. If Adobe can't buy them, what other exit options do they have? Go public?
1. Microsoft acquisition
2. IPO
3. Salesforce acquisition
The above are also in descending order of valuation. Adobe's $20B was pure pandemic-bubble premium; I doubt MSFT would pay much over half that, Salesforce less still, with an IPO somewhere in the middle.
The more interesting thing to me is actually what Adobe is going to do now, given their near-wind-down of XD. Narayen has almost certainly thought of this, and while it may not exactly be Adobe's typical MO... the opportunity they have now is the old "commoditize your complements." Specifically, to become the biggest corporate sponsor of Penpot.
I generally doubt they will, as it's not really in Adobe's DNA, but they could, and it would be quite an interesting turn of events.