Adobe did not buy Figma at a 50x multiple because it thinks Figma is worth that much. It bought the company at 50x because it was a number Figma's board couldn't say no to, and removes their stiffest competition in a quarter century in the process.
Maybe they should have stayed put and let them grow further? What's stopping now a Figma-like, possibly COSS app to emerge? Penpot might not be it, but something new?
Sure seems like they will, but it will probably take a month or more to find out if they will try.
In the meantime, Adobe gets to see the inside of Figma, poke around the code, etc? I wonder if that is the plan: Suck up as much information as possible before the regulators shut it down. Sorry, it's not our fault we can't give you $50 billion and have you join the team...
It seems strange to me - if the only possible way of valuing Figma at it's sale price is to assume that Adobe is doing something massively anti-competitive then surely a regulator can't stand for that right?
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[ 2.9 ms ] story [ 32.3 ms ] thread"Why would I use that when I can get figma, XD, or zeplin"
That's a problem they felt was worth $20bln to avoid.
In the meantime, Adobe gets to see the inside of Figma, poke around the code, etc? I wonder if that is the plan: Suck up as much information as possible before the regulators shut it down. Sorry, it's not our fault we can't give you $50 billion and have you join the team...
https://thetechee.com/deal-adobe-to-buy-online-design-startu...