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Figma will get $1B in breakup fees. Not sure that's a loss.
by outside1234 4y ago
Figma will get $1B in breakup fees. Not sure that's a loss.
- jgalt212 4y agoNot for Figma, but for the VC's who've already paid for new jets or 8 figure apartments.
- tyre 4y agoWhy would it not be for Figma? The VCs won’t get cash from selling shares in the acquisition because the acquisition won’t happen.
- jgalt212 4y agoWell, I guess it depends on your goals as Figma employee. So yes, but probably a net negative but the situation for the Figman employees and company is muddier than it is for the VCs.
- tiffanyh 4y agoWhat’s worse, overspending $20B or giving up $1B?
- arunkant 4y agoAsk Elon
- senttoschool 4y agoFigma will be fine but I'd rather have the deal go through if I worked at Figma.
- rvz 4y agoThat is a loss with crushed dreams and ruined hopes for a massive payout. More likely that Figma will instead use that extra $1B to fund for an IPO to make it up for this blocked acquisition.