Skip to main content
All Stories Tagged:

Adobe

J
External Link
Adobe XD could disappear if Figma purchase is approved.

In an interview with Bloomberg, Adobe Chief Product Officer Scott Belsky admitted that “XD has become a pretty immaterial product for us” and that its support will be re-evaluated if the Figma acquisition goes through. Belsky thankfully also doubled down on keeping Figma a free-to-use service, even if it does spiritually replace Adobe XD: “We don’t want to fix something that’s working really well.”


J
External Link
Figma alternative Penpot sees ‘unprecedented growth’ after Adobe deal.

Open-source design software Penpot has been gaining users ever since Adobe agreed to buy Figma for $20 billion. The company said sign-ups also jumped by 5,600 percent in a single day following the acquisition.

“Adobe is a toxic brand for designers, and now Figma is tainted,” said Penpot co-founder Ruiz-Múzquiz to CNBC.

Penpot just announced $8 million in new funding to help fuel that growth.


J
External Link
Adobe has a $2.3 billion pot to keep Figma CEO and employees around for four years.

Forbes calls the retention package historic, with Figma CEO Dylan Field set to take home about half of the $2.3 billion earmarked as part of the acquisition by Adobe. Figma and Adobe would jointly decide what “subset of Figmates” would be entitled to the stock grants which vest in four years.

Neither Adobe nor Figma were available to speak to Forbes about the behemoth retention package, though we imagine those sharing in the riches would say “10/10, would be acquired by Adobe again.”


J
The Verge
“I still stand by that tweet.”

–Figma CEO Dylan Field, in the unenviable position of having to reflect on an old tweet.

Field tweeted last year that Figma’s goal “is to be Figma not Adobe.” Fast forward to today and... Figma is going to be part of Adobe! My colleague Jay Peters spoke with the two companies’ leaders about what the merger means for designers everywhere.


J
External Link
Adobe is buying Figma for about $20 billion.

Adobe just announced that it’s buying Figma, a collaborative graphics editing tool used in digital design and prototyping. Figma has become a growing competitor to Adobe XD in recent years, providing similar UI and UX services. Adobe seems to be settling the rivalry once and for all with its wallet.


Adobe to Acquire Figma

[news.adobe.com]

Adobe’s Scott Belsky on how NFTs will change creativity

‘Prepare as NFT’ coming to Photoshop