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I think some separation time from his project will help him understand that the market did not agree with him.
by radley 4y ago
I think some separation time from his project will help him understand that the market did not agree with him.
- mkl 4y agoI thought the market did agree with him. Adobe's stock went down because the market, like the author, thought they paid too much, right?
- radley 4y agoHis beef is that his project was viable competition. The design market and the purchase price made it clear that was not true. I don't think they paid too much. It will give Adobe 10 more years of subscriptions without effort. Without Figma, they would be reduced to metrics software (in 10 years).
- danpalmer 4y agoAnother way of pricing the company is price per customer. Figma sold for $400,000 per paying customer. That seems like a lot to me.
- mkl 4y agoGot it, design market vs. stock market. The acquisition at that price was like Adobe admitting they thought they couldn't compete.
- chx 4y agoPerhaps they could as things are but what would have happened if, say, Apple acquires Figma? What if Microsoft did? 20B is a lot of money -- to Adobe. Just to demonstrate how absurdly uneven the playing field is, Apple has ten times as much cash at hand.
- sfvegandude 4y agoIt’s not really possible to say precisely why the stock went down beyond “a certain % of shareholders now believe that the price today is better than it will be whenever they originally intended to sell it.”
- ZephyrBlu 4y agoAgree. The author comes off as quite salty.