Too bad for Figma, they were going to get $30bn. Don't think they'll ever get even half that value again

i was surprised by the initial price too. I agree with you here!

Product Owner

No man, I guess Figma has a lot of potential. Almost all companies I have worked with use Figma. They'll now monetize the product heavily though like spotify. Bad for freelancers and enthusiasts.

Software Engineer

Chief of Staff

I read somewhere figma will get $1B termination fee from adobe

Same. I think it's a clause that was baked in.

https://www.theverge.com/2023/12/18/24005996/adobefigmaacquisitionabandonedterminationfee  Seems like they've mutually agreed on not going through with the deal.  What do you think?

Welcome to News Discussion's Private Community

https://www.theverge.com/2023/12/18/24005996/adobe-figma-acquisition-abandoned-termination-fee

Seems like they've mutually agreed on not going through with the deal.

What do you think?

Figma + Adobe's $20Bn Deal Not Going Through

Figma + Adobe's $20Bn Deal Not Going Through- Grapevine

Figma and Adobe no longer see a path toward regulatory approval

Figma and Adobe are abandoning our proposed merger | Figma Blog

Figma and Adobe merger called off due to regulatory hiccups! Damn!

Corporate Strategist

Will we be seeing all the LinkedIn post flooding with 10 things to learn from  this -
like it happened during the earlier proposed acquisition

Adobe abandons $20 billion acquisition of Figma

Associate Product Manager

Welcome to Business Roles's Private Community

https://www.figma.com/blog/figma-adobe-abandon-proposed-merger/

Looks Like Adobe and Figma won’t fall in place.

Welcome to Indian Startups's Private Community

This also marks the first-ever deal for Adobe in the generative AI and video-tooling space. It also makes Rephrase the first Indian startup to be acquired by Adobe, which has largely made acquisitions in its home market, the US, and in Europe.

ETtech Exclusive | Adobe acquires Lightspeed-backed Indian generative AI startup Rephrase.ai

A great exit news after long!

Investment Associate

question based on latest morning context article

How fucked up is Fampay?

Any thoughts on Figma Ai!?

Product Designer

Last 3 years of startups have been all about SaaS. I just don't get it. So far, it was about solving real problems at scale.
First with consumer websites (google etc), then software, then shopping & delivery (amazon swiggy zomato fk etc etc) 

And now, it's all SaaS:
- Imma build a startup to help white businessmen in America do better billing 
- Imma build a 360 degree feedback tool specifically for Norwegian miners 
- Imma build a SaaS software to help HR people note down who isn't dressed properly
- Imma build a software to help hillbillies in the US better manage their trucking company

Like how are smart people in India taking up entrepreneurship to build these ideas that are dull and feel like the end of life? How does anybody become excited by this? 

is it just money? what am I missing?

SaaS: Why are people so attracted to it? (mini rant)

Analyst

Though in all probability, what you've already heard is true.

I've worked with the CEO/COO at Unacademy. AMA.

Program Manager

I am building a website and purchased a React JS compatible theme from envato marketplace. In the package I didn't not received any figma/sketch files and my UI team is asking for them.

Is there a way to convert source code to Figma?

React JS to Figma

Associate Technical

Designers/Builders - Thoughts on the Design + Develop announcement from Figma yesterday?

Got a message from a batchmate working at Adobe. He's looking for new opportunities.

Adobe laying off

Welcome to Software Engineers's Private Community

Based on Unity  /s

Investor

A friend of mine just got a ESOP buyback opportunity. Thing to note here is that the startup is just under 3 Years Old. Thoughts?

ESOP Buyback

“Adobe trapped customers into year-long subscriptions through hidden early termination fees and numerous cancellation hurdles,” Samuel Levine, director of the FTC’s Bureau of Consumer Protection, said in a statement. “Americans are tired of companies hiding the ball during subscription signup and then putting up roadblocks when they try to cancel.” The federal government began looking into Adobe’s cancellation practices late last year.

In 2012, Adobe went from selling its creative software for lifetime use to charging users for a monthly or yearly subscription to its suite of products, including Photoshop, Illustrator, InDesign, and others. The company’s subscription model has long frustrated creatives, who are often forced to stay subscribed to Adobe in order to keep doing their jobs. Earlier this month, Adobe’s new terms of service were met with backlash after some interpreted the move as an opportunity to train its AI on users’ art.

The DOJ accuses Adobe of trapping users in subscriptions.

US sues Adobe for “deceiving” subscriptions that are too hard to cancel

US sues Adobe for ‘deceiving’ subscriptions that are too hard to cancel

Software Developer

Really excited to do this! 

Here's a little bit about my career:

- I dropped out of college to build a design studio with 20+ people for 4 years before leaving that to start another studio.

- I’ve worked across most major startups in Bangalore (not including brand names here for anonymity)

- I’ve worked across brand identity design, UX/UI, social media marketing, ad films, animation/motion graphics, and 3D

Happy to answer questions about design, freelancing, starting an agency/studio, the design industry, etc.

AMA ☞ Founder of a design studio based out of Bangalore

Founder

Whats with Fi money laying of 10% of their workforce for a 2 yr extended runway

Clueless founders, panicking investors, dead market and garbage product. All combine to create these situations.

Product Manager

The Startup that you had an offer from but did not join, and then it went big? (Let's take a word from VCs, how they like to use anti portfolio lists on their sites - cos they got an opportunity to enter but missed)

What's your anti-startup

Growth Manager

In startup and mid-level companies, single designers often spend more time on developing design systems, exploring Figma's new features, and adapting to its yearly updates rather than focusing on essential tasks.

Figma + Adobe's $20Bn Deal Not Going Through

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