20bn for an app used by web designers. Is the market that big? Wow
Adobe to acquire Figma for $20B
921–930 of 1001 posts
Re: Adobe to acquire Figma for $20B
#922Earlier quoted context omitted.
For a large company, they also have pretty shady pricing. Like their “annual plan, paid monthly”. You’d think you’re just paying for the monthly subscription, but they hide the fact that you have to pay a penalty for early cancellation in the fine print. Dishonest, expensive, slow.
That pissed me off so much when it got me. I can count the number of dark patterns I've ever fallen for (well, and eventually found out about) on one finger. It's so stupid too, I'm happy paying subscriptions for things and happy paying a fair price but being tricked into doing it - never again, Adobe. They target their own customers with it to scrape a few more dollars into the current quarter, I guess. Probably som…
Literally the only time I've ever fallen for a dark pattern.
Shame that I've managed to avoid the most aggressive dark patterns used by scammers and shady practioners. The one that got me was from a $150B company.
Re: Adobe to acquire Figma for $20B
#923What an absolute nightmare and what a slap in the face from the team at Figma if this goes through. Selling out doesn't begin to describe it.
Re: Adobe to acquire Figma for $20B
#924Earlier quoted context omitted.
Adobe got the money in the first place via skill. Photoshop has been the leading photo editing software for a generation. Hundreds of companies over decades, some with deep pockets, have tried to knock them off and have failed. Figma didn't lose the money game, they sold out specifically to reap the money. The owners of Figma - where the profits tend to go in a business - are extracting at an epic scale. They sold ou…
Arguably, the money game is exactly what Figma was playing all along. Dylan's good at this game, as are the VCs he partnered with. Figma's flagship product was private equity. The design tool was secondary.
> Figma's flagship product was private equity.
Care to elaborate?
Re: Adobe to acquire Figma for $20B
#925Earlier quoted context omitted.
I find myself coming back to this Steve Jobs quote more and more: "It turns out the same thing can happen in technology companies that get monopolies, like IBM or Xerox. If you were a product person at IBM or Xerox, so you make a better copier or computer. So what? When you have monopoly market share, the company's not any more successful. So the people that can make the company more successful are sales and marketin…
MS's Office collaborative cloudish stuff is a prime example of this. I don't know how many times my team has ganged up on a document in Google Cloud and collaboratively banged it out. Likewise, I can only remember a couple times I've done it with Office and not ended up with n different copies of the doc that we had to manually merge back together, if we even could.
That's being too kind. Just doing regular WORD PROCESSING with Word now is a shambolic, pathetic experience.
Then there's the lost-in-the-weeds, defect-riddled shitshow that is post-XP Windows.
Microsoft's #1 priority now is hounding the shit out of you to LOG IN WITH YOUR MICROSOFT ACCOUNT!
LOG IN WITH YOUR MICROSOFT ACCOUNT! LOG IN WITH YOUR MICROSOFT ACCOUNT! ...
Up yours, Microsoft. Nobody wants your stupid account; we have WAY too many already.
Re: Adobe to acquire Figma for $20B
#926This is such an outragous amount!
Re: Adobe to acquire Figma for $20B
#927This 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 think with this acquisition - canva is a winner in this space.
Re: Adobe to acquire Figma for $20B
#928Earlier quoted context omitted.
I find myself coming back to this Steve Jobs quote more and more: "It turns out the same thing can happen in technology companies that get monopolies, like IBM or Xerox. If you were a product person at IBM or Xerox, so you make a better copier or computer. So what? When you have monopoly market share, the company's not any more successful. So the people that can make the company more successful are sales and marketin…
Was that quote from a book?
From an interview about why Xerox failed https://www.youtube.com/watch?v=NlBjNmXvqIM
Re: Adobe to acquire Figma for $20B
#929Re: Adobe to acquire Figma for $20B
#930Earlier quoted context omitted.
Adobe got the money in the first place via skill. Photoshop has been the leading photo editing software for a generation. Hundreds of companies over decades, some with deep pockets, have tried to knock them off and have failed. Figma didn't lose the money game, they sold out specifically to reap the money. The owners of Figma - where the profits tend to go in a business - are extracting at an epic scale. They sold ou…
Arguably, the money game is exactly what Figma was playing all along. Dylan's good at this game, as are the VCs he partnered with. Figma's flagship product was private equity. The design tool was secondary.
Makes you wonder whether all of this makes any sense, since the end result isn't humanity ending up with great tools to assist human lives, but a select few with capital getting even more capital, to the detriment of the former goal.