$ADBE on track for its biggest daily loss since 2010!
Are you buying or selling at these levels?
Adobe is a fantastic company but it does look like they have overpaid for Figma, but I'll give Shantanu Narayen the benefit of the doubt.
No position - but this to me looks like an indictment of $ADBE 's prospects as a standalone company. I don't deny that Figma is a great business (I'm generally unfamiliar) but paying 50x fwd ARR for a direct competitor in this environment reeks of desperation, imo.