$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.

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Tom's avatar
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.