They acquired a company that was smoking them. They’re probably pumped 😂
We had pretty obviously lost the product design tool battle so it seems to make sense. I’m a fan of figma and am happy to see a fantastic company join mine. However, all of the organic growth and promise that our leaders see might evaporate once Adobe’s name is attached to the product. I hope that we can demonstrate our commitment to figma and its users by respecting what has made them successful thus far. MS bought Skype years ago and completely ruined it. They also bought GitHub and it’s still great. I’m hoping this is more like the latter. That said, the investment community seems to think we’ve overpaid as we step into uncertain economic conditions. $20B is a lot of money. I question whether the timing and sale price were correct. I would’ve certainly loved to see our stock pop up as a result of the news, not drop over 25%. Mixed feelings.
Some of them basically just hired the people who could be replacing them on top of a 16% stock drop. Seems like they may not be that happy
Their RSU value just dropped 18%
Fuking killed competition
When Salesforce acquired Slack, people kept inquiring about internal transfers to Slack. I’m sure the same is true for Adobe -> Figma.
Can you transfer to Slack? Or is it like Microsoft where transferring to LinkedIn is not allowed?
I’m not sure but I would assume you still have to interview like external candidates.
Regulatory approval won't be that easy.
Very Frustating
Most employees didn't give a shit until they saw their portfolio down by 17%. It is pretty clear how this is going to panout. Figma will operate autonomously until 1-3 yrs by which original Figma leadership would have left for a new venture. Adobe will be able to scale the business on their own later because they are kind of very good at it.
People in AdobeXD might not be happy.
Why is no one talking about what will happen to XD? Are they gunna merge with Figma or kill off product??
Most probably kill it? But who knows
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Why wouldn’t they be. They acquired their competitor
Square employees were unhappy when we acquired Tidal.
Tidal sucks