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DOJ takes aim at Adobe's Figma $20B deal
- nateburke 4y agoPerhaps it's a good thing for the government to reincentivize R&D inside of large tech firms by blocking deals like this? In my opinion, there is a huge incentive for large firms to buy rather than build right now, given the go-to-market risks with any new product launch. Externalizing that risk into VC funded firms and then paying for winners is a smart choice. But sadly the result often is that consumers have to eat the inevitable decline in product quality post-acquisition.
- pcurve 4y ago"For Pablo Ruiz-Múzquiz, who heads up PenPot, an open-source competitor to Figma, the deal was a shock to the design community, since Figma had long marketed itself as the “anti-Adobe.” Didn't know PenPot exists. Hope it takes off. Importing Figma files would help drive adoptions, but it feels like a long way off.
- magic_man 4y agoIf pablo was offered billions I bet he would sell too.
- jgalt212 4y agoOh, my if this deal falls through, the second-best bid for Figma is probably 75% lower. Best to stay indy for all involved (except the VC's).