https://www.cnbc.com/2022/09/15/adobe-to-acquire-design-platform-figma-for-20-billion.html
Wow 20B for figma
CEOs do these things before retirement, they get secret rebate from these acquisitions.
Still overvalued
Figma is a good product! Adobe will build it into their cloud ecosystem and will kill it!
That’s normal for acquisitions, it will bounce back in couple weeks.
Stocks do not see the largest one day drop since the financial crisis because of M&A. 3-5% is “normal”; double digits on a boomer company is not
Market probably realized something.