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Figma and Adobe abandon proposed merger

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Re: Figma and Adobe abandon proposed merger

#781

Post by matthewowen »

jamiek88 wrote: post #627
hn_throwaway_99 wrote: post #593

Earlier quoted context omitted.

Your comments are straight up factually misrepresenting what happened. There were plenty of news reports early this year that DoJ was preparing to file suit against the merger. I guarantee they were in close contact with Adobe's lawyers, and the normal process here is that Adobe's lawyers/execs come back and say "hold up, let's see if we can make a deal" - that's essentially what happens in the vast majority of lawsu…

[flagged]

You’ve posted this about me twice. I haven’t shown any ire and I think it’s counter to the spirit of hacker news to suggest bad faith in my posts based on my proximity to the topic.

Re: Figma and Adobe abandon proposed merger

#782

Post by avarun »

briffle wrote: post #535
xvector wrote: post #512

Earlier quoted context omitted.

Not a good thing when it's taken to absurd lengths. See Lina Khan's attempt to block the Within Unlimited acquisition. The problem with the current administration is that there's no good-faith path forwards to get anything done. If you have worked with the FTC recently you'd understand what a hostile clusterfuck it is.

you should really link to something about it that your specifying. Cause it really looks simiar to blocking Microsoft from buying Activision.. A company that makes the hardware trying to buy up all the independant software vendors and have them only make software for their hardware is getting really, really old. I think the only people that would complain are the ones who would directly benefit.

Microsoft plus Activision combined is about 6% of the gaming industry. “buy up all the independent[sic] software vendors” is some serious hyperbole.

Re: Figma and Adobe abandon proposed merger

#783

Post by avarun »

bryancoxwell wrote: post #641
echelon wrote: post #592

Earlier quoted context omitted.

Figma's employees are probably devastated and demotivated. Their exit dollar signs just went poof. And they've probably been working on Adobe's roadmap / integration for the past 15 months. I'm not so sure Figma is in a better spot, even with this new cash in hand.

Oof, that’s a really good point. That would be utterly demotivating.

It would be illegal for them to be collaborating with Adobe in any way on roadmap before the deal closed.

Re: Figma and Adobe abandon proposed merger

#784

Post by gkoberger »

vlovich123 wrote: post #775

I think this is great. Figma gets a free undiluted infusion of 1B cash. I’m surprised break-up fees aren’t negotiated as an investment instead of a pure cash transfer. Sure it may have impacted company focus, it didn’t impact their revenue that much (1.5x growth vs 2x growth in previous years although that could have also been caused by an adverse economic climate with sales slowing across many companies and industri…

It could be negotiated as an investment, but that only benefits Adobe. Figma wouldn't want it (would you want your biggest competitor to be an investor? they'd have information and leverage you wouldn't want them to have), and it defeats the purpose of a break-up fee (Figma negotiated for it because they didn't want to spend a year of their lives focusing on something that would benefit their competitor if it's all for nothing... Adobe gained a year, has a ton of information, and distracted Figma).

Re: Figma and Adobe abandon proposed merger

#785

Post by kpandit »

hn_throwaway_99 wrote: post #497
sowbug wrote: post #196

Earlier quoted context omitted.

What's wrong with selling goods and services for more than they cost?

I think this is my favorite comment of the year. We've all become so inured to the idea, especially in startup land, that the purpose of building a business is just the exit (and hopefully we can get out soon enough with someone else "holding the bag"). As you point out, if Figma can build a growing, profitable business, there is no reason they can't IPO at some point. But still, this shows how even the purpose of an…

My favourite comment as well in this world so full of pump and dump shows. The mentality is so intrenched that if you are not one of these pump and dump shows with an exit strategy then you are labelled a lifestyle business instead of a proper "startup".

[Off topic] That is some throwaway account with 60k+ karma and almost 7 years in age.

Re: Figma and Adobe abandon proposed merger

#786

Post by patternMachine »

doctorpangloss wrote: post #643
RickS wrote: post #622

Earlier quoted context omitted.

(ex-Adobe, on a team highly related to an area where Figma out-executed XD, less knowledge about genAI stuff) > Adobe has probably captured back both mental and market share from Figma GenAI/Firefly's success is in a totally different domain to what Figma's doing. Figma's equivalent at Adobe is XD, which has never held a candle to Figma. The existential problem Adobe tried to buy their way out of still exists in the…

> (which is part of the basis of Firefly's success – significantly cleaner legal provenance on their training data). Yeah... I mean the pre-trained text encoder Firefly uses is filled with copyrighted, unlicensed-for-express-purpose training data. Firefly is successful in the same sense that DocuSign is, in that it is selling a holistic social experience, but I think maybe don't opine on "legal provenance on their tr…

Remarkably ignorant comment, and bitter too. You might as well blame MS Word for all the poorly written books out there.

Re: Figma and Adobe abandon proposed merger

#787

Post by bagels »

corytheboyd wrote: post #774

Not a fun day to be a Figma employee. It’s all “yeah fuck tech monopolies!” until it’s you who will receive a fat payout. Can’t say I’m not playing the same game, hoping for a similar outcome. I can only _dream_ of a $20b acquisition.

Yeah, that's my sentiment too. I have no stake in this transaction at all. It was okay for Whatsapp, Instagram, Waze, etc. employees to get a payday, but not Figma employees.

Re: Figma and Adobe abandon proposed merger

#788

Post by kinnth »

vlovich123 wrote: post #775

I think this is great. Figma gets a free undiluted infusion of 1B cash. I’m surprised break-up fees aren’t negotiated as an investment instead of a pure cash transfer. Sure it may have impacted company focus, it didn’t impact their revenue that much (1.5x growth vs 2x growth in previous years although that could have also been caused by an adverse economic climate with sales slowing across many companies and industri…

I 100% agree. That space needs competition and alternatives to the Adobe monopoly.

Re: Figma and Adobe abandon proposed merger

#789

Post by bagels »

vishnugupta wrote: post #556
GenerWork wrote: post #474

Earlier quoted context omitted.

It probably is in a bond or treasury note. The "within 3 days" probably covers the selling of the bond/treasury, waiting for the funds to clear, and then sending it over to Figma's account.

Or transfer the bonds/treasury to Figma directly? Why go through the hoop when Figma too will just covert it to bond/treasury anyway? Is that allowed?

If Figma agrees that it satisfies the debt, why not?

Re: Figma and Adobe abandon proposed merger

#790

Post by yawnxyz »

doctorpangloss wrote: post #676
aliston wrote: post #666

Earlier quoted context omitted.

What's so bad about the Spotify app? For the most part, it looks like a bunch of lists (not so much spreadsheets) to me... As someone that is only tangentially in the design space, why do you think collaborative design works so poorly? I have noticed that, in engineering reviews, complex backend designs get scrutiny, but rarely "I feel..", "I prefer..." types of comments, whereas frontend teams get all types of those…

This is a stylized comment. It is a bunch of lists, but the UI is sometimes the lists are scrolling horizontally album covers, sometimes they are popping up from menu buttons, sometimes they go full screen and scroll normally, sometimes they are cut short to 5 elements and you cannot see more, sometimes they continue to 20 elements and you can press to see more, sometimes it's a list with headers that all contain mor…

(I’m a UX engineer but not at Spotify)

It’s always been wild to me how incongruous / inconsistent the experience of using Spotify’s web/ios/android apps have been. It points to an organizational mess rather than a Figma mess, but maybe it also shows that Figma doesn’t address the entire picture yet of addressing org level communication and syncing with prod assets

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