David McDonough's avatar
$480.2m follower assets
Karan Malhotra's avatar
Great defensive move but dear lord 50x sales is way too much
David McDonough's avatar
@karan10489 agreed, crazy high. But also I'm pretty sure their options were basically:
A. Pay 50x and survive
B. Don't pay 50x and die a slow death

(wrt design products)
Karan Malhotra's avatar
@mcd C. Don’t time that large an acquisition when the stock is already down 60% from the highs. Maybe do it when the stock is at 700? 😅I get defensiveness but, is this really the best time to overpay for an acquisition ? Gotta question management here
Josh Rozin's avatar

There’s about a million Star Wars quotes that work here.
Lester Leong's avatar
@josh As resident GIF lord, I approve this message.
AS's avatar
new figma pricing is going to be like $100/minute plus an annual kidney donation #SaaS
David McDonough's avatar
@darkfirexxi lol, although I'm less worried about that, more worried about it being added to the creative cloud shitshow.
AS's avatar
@mcd hahaha that's pretty spot on
David McDonough's avatar
They better pay $1 Trillion and not touch a thing
Farid's avatar
@mcd this is a very sad day for designers everywhere. I have zero hope that Adobe won't screw this up, as they did for all their previous acquisitions.
Rihard Jarc's avatar
Buy to kill your competition. Price is high but in the end makes sense for the long run. Market rerated the same day - $ADBE lost more than $20B today. Now it actually looks interesting to me.
Dissecting the Markets's avatar
Next thing we know, they're going to acquire OpenAI to ensure that Dall-E doesn't disrupt them too