Adobe saved tons of cash there I guess. The figma deal was kinda expensive

Founder

Welcome to News Discussion's Private Community

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

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

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

Product Owner

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.

Software Engineer

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 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

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

Adobe laying off

Any thoughts on Figma Ai!?

Product Designer

“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

Based on Unity  /s

Investor

Is this the big thing Scott mentioned last month?

You can watch YouTube in Grapevine

Growth Manager

Google isn't much better either tbh.

Ad accounts arbitrarily stopped can disrupt cashflows in a major way. I'm seeing a lot of startups struggle with frequent algo/rule changes and blocked accounts.

Sad to see.

Meta can literally screw anyone they like at any time

What an absolute shit show
https://www.moneycontrol.com/news/technology/fraud-threats-sexual-harassment-zilingos-ankiti-bose-files-fir-against-co-founder-ex-coo-12706929.html

Zilingo CEO files FIR against COO & CTO

Zilingo is already defunct. A once billion dollar startup that is now literally 0. 
One of the major startup scams. Investors just kept lapping up the GMV growth.

And now when everything is over, co-founders filing FIRs against themselves.
Disappointing.

My only appeal to everyone: please call out if you're at a startup that's doing similar stuff. A lot of careers can get saved...

Product Manager

Welcome to Office Gossip's Private Community

There were lots of rumors going that unacademy IAS founder is selling stake. He is not selling his stake. I confirmed it.
cc: RS, GM, HS

Unacademy IAS founder is not selling stake

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

Yoe :1.5 years
Looking for sde 1 referral at Adobe 
I have the job link

Adobe anyone...🥹

- Microsoft and Apple have decided not to take board roles at OpenAI, highlighting growing regulatory concerns over Big Tech's influence on AI.
- Microsoft, which invested $13 billion in OpenAI, will withdraw from the board, citing confidence in the company's direction and deeming their observer role unnecessary.
- European and US regulators have expressed concerns about Microsoft's influence over OpenAI, prompting investigations into potential dominance and antitrust issues.
- The UK is also scrutinizing Amazon's $4 billion collaboration with AI company Anthropic, while the US probes Nvidia's dominance in AI chips.
- OpenAI will continue to engage with stakeholders through regular meetings to ensure collaboration on safety and security, following its transition from a nonprofit to a for-profit entity.

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

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