81–90 of 1001 posts
It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
Public approval like this is a good signal to send to the regulators (and disapproval when they fail to do their job) -- it helps counterbalance the pressure from lobbyists and politicians aligned with industries.
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.
I would expect that to only get paid if solely one side were responsible for blowing up the deal. This is expressly saying both have mutually agreed.
"He also noted that the original terms call for Adobe to pay a $1 billion break-up fee even if the deal falls through over regulatory issues."
https://www.barrons.com/articles/adobe-stock-figma-acquisiti...
It looks like regulators are actually doing their job. I would love to see more of this, along with breaking up companies that have gotten too big for their britches.
Even my local corner store merging with a corner store in the next town over is bad for suppliers (combined negotiations when buying stock), and bad for consumers (prices set the same between the two towns).
I wonder what a world where company mergers were banned would look like?
EU and UK and seemingly everyone else is passing laws and setting up bureaucracies specifically to implement unfair trade restrictions and barriers against US companies and they're basically doing it unopposed, you'd think these actions would at least trigger some tariff threats and WTO complains sadly the government is in a self destruct spiral at the moment.
Earlier quoted context omitted.
I'm fine with some other company buying-up Figma, just not Adobe. Microsoft could buy them (and hopefully not repeat what happened to Expression Blend) - or maybe Alludo could resurrect the Corel brand and launch Figma under that title?
The reality is that for extremely high-growth companies such as Figma, only companies with an extremely strong existing business and strategic fit can afford to acquire them. Corel, for example, was valued at $1bn in their 2019 acquisition. There's absolutely no way they could acquire Figma. At the same time, VCs are betting on Figma-like outsized exits for their model work. I get people are dying to stick it to the…
> and strengthening the situation for the cash-rich behemoths like Microsoft, Google, etc.
It certainly isn't good for Adobe as they will have a strong competitor in Figma to deal with.
The sign up, and cancelling process of their various services are so "dark design" it's criminal. I've had to wait in a chat window for days to have a service cancelled after signing up for something i clearly didn't sign up for, a yearly payment instead of a monthly with no warning for a very expensive suit, and many are in the same boat almost bankrupting entire small companies.
More and more places does this and they should all banned and their CEO's put in jail because they prey on vulnerable people, steal millions and waste everyone else's time.
I'm not kidding one bit with the jail thing, lines have been crossed so much it's getting ridiculous now, i don't care how rich or powerful you are. This is why we need strict regulation and serious consequences for CEO's and shareholders of straight up criminal companies.