There is no financial modeling, CEO vision, or new markets insights that can justify paying $20B, $10B or even $5B for Figma. The company is apparently not event profitable. The metrics tossed around of annual recurring revenue are the typical fools numbers used to blind people with too much paper money and little sense.
Adobe seems to be playing the game IBM did a few years ago, but it wont fool investors for much longer. The only winners here are the VCs at the cost of Adobe investors, and I predict this will be the deal that will push out Adobe current management in the next two years.
Adobe seems to be playing the game IBM did a few years ago, but it wont fool investors for much longer. The only winners here are the VCs at the cost of Adobe investors, and I predict this will be the deal that will push out Adobe current management in the next two years.
"Adobe plummets 15% after $20 billion deal to buy Figma and as earnings reveal soft 4th-quarter guidance" - https://sports.yahoo.com/adobe-plummets-15-20-billion-151612...