There'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.
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Figma and Adobe abandon proposed merger
521–530 of 1001 posts
Re: Figma and Adobe abandon proposed merger
#522I see a lot of people in the thread thinking this is a good thing, it's not. First of all the reason for the UK not allowing the merger is completely absurd and based on a false premise which is most likely based on not understanding the field they are regulating. Regulation based on speculation about the future means that regulators can simply just make up reasons. Thats akin to when kings could just make up reason…
There is no way a company Adobe's size should ever be allowed to grow by acquisition. At a certain point that route needs to be cut off forever.
Why?
Re: Figma and Adobe abandon proposed merger
#523On the one hand, as a designer who uses Figma every day, this is great news. On the other hand, the fact that Dylan Field was willing to do it in the first place felt like a bit of a heel turn. Yeah, it's a lot of money, I know. Maybe I'm alone in this, but I've already shifted my expectations for the long term direction of the product from "they can do no wrong" to "when is the other shoe going to drop?"
> when is the other shoe going to drop?
Keep an eye out for the IPO, that'll be their next chance to sell out their customers.
Re: Figma and Adobe abandon proposed merger
#524That 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?
Sanity prevails, at least in some HN comments; this is why I come to HN :)
Re: Figma and Adobe abandon proposed merger
#525I'm wondering why is there zero competition for Figma? I understand their app is basically a browser-like engine running inside the browser - which is cutting-edge tech, tough to copy, etc.
But given enough interest in this space and the valuation Figma has now - I'm wondering why isn't other big tech companies not building their own Figma alternatives.
Re: Figma and Adobe abandon proposed merger
#526Re: Figma and Adobe abandon proposed merger
#527I'm wondering why is there zero competition for Figma? I understand their app is basically a browser-like engine running inside the browser - which is cutting-edge tech, tough to copy, etc. But given enough interest in this space and the valuation Figma has now - I'm wondering why isn't other big tech companies not building their own Figma alternatives.
Isn't Zeplin a competitor?
Re: Figma and Adobe abandon proposed merger
#528Earlier quoted context omitted.
I'm curious, what exactly are the ramifications of this "contract law" in the context of Adobe subscriptions? Adobe will sue you? Are they suing large amounts of customers?
They'll send you to collections, which'll ruin your credit.
Does it though? I thought only credit accounts affected your credit score. This really isn't that...
Re: Figma and Adobe abandon proposed merger
#529Earlier quoted context omitted.
I hope they have big bank... Then again it would also be funny if bank crashed because someone was forced to transfer 1 billion.
banks move so much more daily
Indeed. Also, the money is probably coming out of some money market fund or from selling treasuries.
Re: Figma and Adobe abandon proposed merger
#530Earlier quoted context omitted.
This sounds it might be like a hallucination. I've never heard of any "Domestic Bribery Act" and I'm unable to find one in cursory online searching. (In 18 USC there are prohibitions on bribing public officials, but that doesn't seem relevant here.)
Fascinating, i think you are correct. This website at least suggests that there are some other laws regarding domestic bribes: https://www.globalcompliancenews.com/anti-corruption/anti-co... But "Domestic Bribery Act" seems to be a hallucination. I have so far only encountered fake sources or links that don't exist, this kind of hallucination is new and unexpected. Thanks for making me aware of this, quite scary how…
ChatGPT is trained to sound convincing, not to be correct.