https://currentaffairs.adda247.com/figma-design-platform-acquired-by-adobe-for-20-billion/

Well, I don't like that few big companies are able to buy all competition and practically own everything that matters online, forcing their own terms. I think that can't be good for anybody.

But regarding our work, I am wondering is this partially a reason why Adobe needs PNGs? And what will this mean for us? Maybe new market, which is nice, but I am wondering for which price and under what terms, especially when I saw new Terms of Use for contributors today.

Adobe shares plumeted something like 16% when it happened? (sorry can't find the details right now). But the market really thought they overpaid apparently.

Yeah, I was surprised to see that too, but I don't know much about stock market and economy. So... maybe JoAnn will know better, as she usually does.

I don't know anything about Figma, but did find a couple of articles about the negative reactions to the acquisition.

https://www.forbes.com/sites/alexkonrad/2022/09/20/adobe-historic-retention-package-figma-ceo/?sh=2bca4b1b7926

https://www.cnbc.com/2022/09/15/adobe-to-acquire-design-platform-figma-for-20-billion.html

https://seekingalpha.com/article/4542006-why-adobe-buying-figma-for-20b

Here is a rundown of Figma competitors (always helps to see something of the other players in a given area)

https://www.softwarepundit.com/design/figma-competitors-alternatives


Adobe's press release

https://news.adobe.com/news/news-details/2022/Adobe-to-Acquire-Figma/default.aspx

It sure would be nice if they dropped 20 billion on their contributors - even if the market did think it was too much.

I am very curious how will this deal end up:

https://www.forbes.com/sites/nicholasreimann/2023/02/23/another-biden-antitrust-suit-doj-reportedly-planning-to-sue-adobe-over-figma-acquisition/