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Adobe to acquire Figma for $20B
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Re: Adobe to acquire Figma for $20B
#762So smart for both Adobe and Figma. Figma posed a serious threat to Adobe and it makes sense for them to do it. The losers are all of us poor sods who were happy Figma customers. Just goes to show that if you want an outsized exit multiple the best way is to put a gun to a $100B company's head.
Can someone plz enlighten me how Figma competes with Adobe? AFAIK Web/app designers use either Sketch or Figma, publishers use Illustrator and photographers use Photoshop/Lightroom. At least that's how it's been back in the day. Is that no longer the case?
That whole market was Photoshop and Illustrator for a long time. That changed because of better and cheaper alternatives (like Sketch).
They have tried and failed to get it back and now seem to have given up on competing and just bought the competition instead.
It's also not just UI. Figma is a very capable vector and general purpose graphic tool. Figma made a lot of common things much easier than they are in Illustrator and Photoshop. While being online and fully collaborative. It's really an amazing tool and imo Adobe was rightfully threatened by it as I don't believe they could deliver anything close. It would just continue taking over more use cases.
Re: Adobe to acquire Figma for $20B
#763This is probably the only tech acquisition that's ever made me sad. I just hate Adobe so much. The nightmare of their installer, the weird store with horrible designs popping up when you activate normal ui stuff, the difficulty in canceling a subscription, and the stasis in their product and ui. Oh and the sloppiness of Lightroom on mac with it's weird ui and that it didn't even import and manage photos well. I've be…
I have an adobe subscription, I never heard of Figma. I am sure their product is great, but it is a niche product. Figma is not worth 20B as a standalone company. Adobe will integrate Figma’s technology into Adobe’s suite of products and will make it available to the masses. I say it is a good thing that Adobe is acquiring Figma. Change is hard; As a Figma consumer you are probably uncomfortable with the change, but…
> Change is hard; As a Figma consumer you are probably uncomfortable with the change, but Adobe acquiring is better than Figma going shutting down due to lack of mass adoption
Hilariously bad take. Figma has very strong adoption. Lacking the same scale as Adobe doesn't mean it has bad adoption.
Re: Adobe to acquire Figma for $20B
#764According to the FTC the law states that mergers are illegal when the effect "may be substantially to lessen competition or to tend to create a monopoly." Pretty positive this would lessen competition in design software and restablish Adobe as a monopoly. This merger should be blocked. https://www.ftc.gov/advice-guidance/competition-guidance/gui...
The key word is "substantially" - there are plenty other competitors.
There may be "plenty" of other competitors, but I think it's pretty undeniable that Figma is the "up-and-coming" (or maybe it already got there) market leader among "design tools for web design". I also think it's pretty apparent that Adobe knows this and that's why they want to buy them.
This is the exact same pattern as Facebook buying Instagram, and heck the same as some of Adobe's previous acquisitions, where large corporations buy out competitors that could potentially overtake them.
If antitrust means anything it should block these types of acquisitions.
Re: Adobe to acquire Figma for $20B
#765Earlier quoted context omitted.
Miro and Canva are really similar to Figma, no ?
Not... really. Sketch is what is most analogous.
Sketch is perhaps most analogous, but I remember a couple years ago where designers left Sketch in droves to move to the better features of Figma.
If Adobe thought Sketch was a competitive risk, they'd be buying them instead.
Re: Adobe to acquire Figma for $20B
#766Feels anticompetitive, and maybe even bad for Adobe as they prioritize acquisition over organic development.
Re: Adobe to acquire Figma for $20B
#767Earlier quoted context omitted.
Always wondered why an indie app developer hasn't just decided to work their image-editor app up as "the new Fireworks." Many other image-editor apps do now take Fireworks' same non-destructive hybrid editing approach... kind of . But they're always missing one thing or another. Either: 1. they aren't multiplatform (can't get "standard" adoption like Fireworks if you're macOS-only) 2. they don't go far enough with th…
I’ve had the same question for years! There are a few tools that have tried over the years, but nothing that has stuck around. And I get that the pixel-perfect design and slicing from the Fireworks era isn’t as useful in today’s world of responsive design and multiple screen sizes and variable screen densities, where CSS and JavaScript plays a much larger role, but I still wish we had a successor. Because as you said…
The only program I ever used that felt like it was really gunning for Fireworks was, weirdly, a BeOS-exclusive app called e-Picture. It was a little buggy, but still terrific. (That last sentence sums up the entire BeOS ecosystem circa 1999, granted, which was tiny yet still bigger than I suspect most people know.)
Re: Adobe to acquire Figma for $20B
#768This is probably the only tech acquisition that's ever made me sad. I just hate Adobe so much. The nightmare of their installer, the weird store with horrible designs popping up when you activate normal ui stuff, the difficulty in canceling a subscription, and the stasis in their product and ui. Oh and the sloppiness of Lightroom on mac with it's weird ui and that it didn't even import and manage photos well. I've be…
Well if it's any consolation the market also feels sad about this [0]. ADBE is down 15% as of this writing. My guess is because, given the current market, you don't really need to spent money acquiring potential competitors. As rate hikes continue (and likely will for the foreseeable future) I suspect many of the non-ipo's non-profitable startups will just die on the vine. No reason to spend $20 Billion to make sure…
That’s because of earnings too. Which includes past and future possible performance.
Re: Adobe to acquire Figma for $20B
#769With Figma's memory and performance issues lately, it feels like Adobe bought them a year ago.
(figma employee)
Unrelated to the news, would love to know what memory/perf issues you're facing. Do you have files where you're hitting the memory caps?
Re: Adobe to acquire Figma for $20B
#770I also hate Adobe with all my heart! Had the displeasure to work there for a few months and the company is super lame. They don't build anything at this point and just sell overpriced subscriptions. I basically ran from there... not for me.