Last week’s issue was sent just minutes before Figma and Adobe announced the cancellation of their $20 billion merger, so today I’ll share a cooled-down coverage of this event. I was cautiously optimistic about the acquisition 15 months ago, and still haven’t formed a strong opinion on either potential outcome. I believe in Figma’s vision and its bright future as an independent company, but I can imagine it was an exhausting emotional rollercoaster for the entire team.
What if stakeholders use some of Adobe’s $1 billion reverse termination fee to provide employee liquidity? Stripe did something similar earlier this year, and it could be a welcome closure for some Figmates. For one, I was looking forward to seeing a new generation of design founders and investors emerge after the acquisition.
This is the last issue of 2023, as I’ll be taking a break from publishing during the week when nothing happens on the internet. Wishing you wonderful holidays and a happy new year!