Tech Brew Ride Home 09/15 – Adobe To Acquire Figma
Sep 15, 2022
Adobe's ambitious $20 billion acquisition of Figma could reshape the productivity landscape amidst investor concerns. Celebrate Ethereum's shift to proof of stake on Merge Day! Meanwhile, TikTok introduces a BeReal clone, raising eyebrows in social media innovation. California takes a bold step with its antitrust lawsuit against Amazon, challenging its pressure tactics on sellers. The complexities of pricing and competition in online retail come to the forefront, and even libraries emerge as unexpected workspaces in urban environments.
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Adobe Acquires Figma
- Adobe is acquiring Figma for $20 billion, the largest private software company acquisition ever.
- This defensive move follows Figma's pandemic-driven growth and appeal to a broad user base.
Designers React to Acquisition
- Many designers use Figma specifically to avoid Adobe products, raising concerns about the acquisition's impact.
- Despite Adobe's promise to keep Figma independent, skepticism remains about its long-term strategy.
Canva Expands
- Canva launched a visual worksuite, including Docs, Websites, Whiteboards, and Data Visualization.
- Despite similarities to Google Suite and Microsoft Office, Canva positions itself as a visual companion, not a competitor.