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Author Topic: Figma acquired by Adobe  (Read 778 times)

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« on: September 21, 2022, 03:55 »
+2
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.


« Reply #1 on: September 21, 2022, 04:14 »
+1
Adobe shares plumeted something like 16% when it happened? (sorry can't find the details right now). The market really thought they overpaid apparently.
« Last Edit: September 21, 2022, 05:20 by Justanotherphotographer »

« Reply #2 on: September 21, 2022, 04:26 »
+1
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.

« Reply #3 on: September 21, 2022, 09:10 »
0
Yeah, don't worry... it bounced back today. I'd imagine it might have been the initial reaction until the traders etc knew exactly what it meant. Once they did, catch it on the bounce and make more money. Who knows, but ultimately, it will head back up and exceed where it left off. As markets do.
« Last Edit: September 21, 2022, 09:12 by HalfFull »

« Reply #4 on: September 21, 2022, 11:33 »
+1

SVH

« Reply #5 on: September 21, 2022, 13:21 »
+1
It comes down to the fact that it was ok to buy figma but not for the price they paid. That got investors worried.

« Reply #6 on: September 21, 2022, 15:43 »
+6
It sure would be nice if they dropped 20 billion on their contributors - even if the market did think it was too much.

« Reply #7 on: September 22, 2022, 09:25 »
0


 

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