Jason Voorhees
๐ธ๐๐๐๐๐๐๐๐ ๐ฎ๐๐๐ โข ๐๐๐๐๐ฅ
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- May 15, 2020
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Once upon a time, Adobe was the undisputed king of creative software. It was called adopolopoly
but now it's stocks have plummeted and its going down more
All because of failed $20 billion acquisition of Figma which blocked by regulators over antitrust concerns. Costed Adobe a $1 billion breakup fee and allowed Figma to thrive going public last year with an initial peak market capitalization of $58 billion
People were also fed up of the Adobe subscription system and the privacy concerns and now Figma now dominates with 80% market share estimates. Adobe's position is even over brutal after discontinuing its competing XD tool. From an absolute monopoly to a loss leader
but now it's stocks have plummeted and its going down more
All because of failed $20 billion acquisition of Figma which blocked by regulators over antitrust concerns. Costed Adobe a $1 billion breakup fee and allowed Figma to thrive going public last year with an initial peak market capitalization of $58 billion
People were also fed up of the Adobe subscription system and the privacy concerns and now Figma now dominates with 80% market share estimates. Adobe's position is even over brutal after discontinuing its competing XD tool. From an absolute monopoly to a loss leader