Figma will receive a $1 billion fee.
  • Uglyhead@lemmy.worldEnglish
    762·
    7 months ago

    Good!

    Adobe has ruined all they touch since way back. Most notoriously with Macromedia Flash acquisition and enshittification.

    • SkippingRelax@lemmy.worldEnglish
      52·
      7 months ago

      Is anyone really missing flash? as much as I hate Adobe like the next guy, the internet is a better place without that proprietary crap infesting most websites for no good reason other than a cheap animation

      • JonnyJ@lemmy.worldEnglish
        5·
        7 months ago

        I don’t miss Flash, but it’s hard to deny that back in the day, it was nice to have a tool that rendered content universally for web browsers. It was also fun to make shit in. 100% obviously we’re better off without relying on some proprietary software to render interactive components etc, but it did serve a purpose and give us a blueprint for what the web should, and often times should NOT be.

        But, Fireworks(also part of macromedia) was a fucking fantastic program and was lightyears ahead of its time. Adobe murdering it spawned Sketch, which spawned Figma. So the irony and dread of Adobe buying Figma was never once lost on me.

        I rely on these tools every workign day of my life, and fuck adobe for fucking with my workflow

  • simple@lemm.eeEnglish
    31·
    7 months ago

    Awesome news. Bless the regulators fighting back.

    As a result of the termination, Adobe will be required to pay Figma a reverse termination fee of $1 billion in cash.

    This does bring a smile to my face. Maybe companies will actually stop trying to mass acquire everything when there are risks involved.

    • echo64@lemmy.worldEnglish
      411·
      7 months ago

      pretty sure that’s what adobe wanted to charge me for wanting to cancel Creative Cloud

  • TheGrandNagus@lemmy.worldEnglish
    23·
    7 months ago

    In a letter dated December 14th, Adobe rejected remedies suggested by the UK’s Competition and Markets Authority (CMA) to approve the merger following an in-depth antitrust probe. The authority wanted Adobe to make a significant divestment of assets, source code, and engineers to “restore the conditions of competition.” All parties were expected to discuss the CMA’s provisional decision to block the deal on December 21st, with a final deadline to approve or block the acquisition set for February 25th.

    Based CMA

  • Lemminary@lemmy.worldEnglish
    5·
    7 months ago

    Good news! It was already heading in a shitty direction with the new chances that they overly hyped and then put behind their shitty Adobe subscription model. Old Figma would let you use it and master it before you bought it and it was successful.

  • AutoTL;DR@lemmings.worldBEnglish
    51·
    7 months ago

    This is the best summary I could come up with:

    Following mounting pressure from regulators in the UK and EU, Adobe and Figma announced on Monday that both companies are mutually terminating their merger agreement, which would have seen Adobe acquire the Figma product design platform for $20 billion.

    As a result of the termination, Adobe will be required to pay Figma a reverse termination fee of $1 billion in cash.

    “Adobe and Figma strongly disagree with the recent regulatory findings, but we believe it is in our respective best interests to move forward independently,” said Adobe chair and CEO Shantanu Narayen in a statement.

    “While Adobe and Figma shared a vision to jointly redefine the future of creativity and productivity, we continue to be well positioned to capitalize on our massive market opportunity and mission to change the world through personalized digital experiences.”

    Developing…

    The original article contains 135 words, the summary contains 135 words. Saved 0%. I’m a bot and I’m open source!

  • leaky_shower_thought@feddit.nlEnglish
    1·
    7 months ago

    good call for CMA.

    I would think what’s going to happen there is Adobe will acquire figma and either keep the IP so their CS product will get the monopoly.

    Ooorrr~ keep the brand but also get the monopoly.

  • NoiseColor@startrek.websiteEnglish
    34·
    7 months ago

    As a designer that uses figma every day, I have to say…

    … I don’t care one bit. I have to subscribe and use Adobe software anyway, not only because everyone else uses them, but because that’s simply the best graphic software out there and I’ve tried it all. Not too mention that the full Adobe subscription, that you can usually get 50% off, is not that expensive anyway, compared to many saas that are buggy and just do one simple thing. So yeah, I don’t hate Adobe anymore, everyone is doing what they are doing and most of the software out there is complete garbage and even more expensive.

    • hswolf@lemmy.worldEnglish
      51·
      7 months ago

      I have to disagree with the “best software out there”.

      You said you are a designer, that you used It all and currently uses Figma right?

      Adobe has a Figma competitor, Adobe XD, and It seems you’re not using It, even though It should be better like you said.

      • NoiseColor@startrek.websiteEnglish
        23·
        7 months ago

        Sorry, I thought everyone will understand that I’m taking about photoshop, illustrator, indesign, AE and not that every single Adobe product ever made is absolutely better than every single other product that has ever been made ever… Next time, I will try to be more precise. I deeply apologise

    • PoliticalAgitator@lemm.eeEnglish
      22·
      7 months ago

      I also have to subscribe to and use Adobe software but suggesting it’s less buggy and less expensive than other apps is delusional.

      The moment you try and do anything outside of basic image editing, Photoshop immediately shits the bed.

      It’s riddled with features that were half developed or half removed. Tried using any of the 3D stuff? It pops up a box saying “We’ve abandoned this and it probably won’t work, but go ahead and try because we haven’t properly removed it”. Using artboards? Probably not, since half the app seems to break with them, including their brand new features like Live Gradients that rearrange themselves when you save.

      Looking for a filter? Well there’s 2 places to look since they seem to have lost interest in the filter gallery half way through, then piled mediocre AI filters on top. It’ll be a slow search, since for some reason some popup windows take fully 3 seconds to open, probably due to their 4 different UI systems in various states of abandoned.

      Photoshop is widely used today because it was good 15 years ago. If someone hasn’t already creating a leaner, more stable, better designed, more ambitious piece of software, it’s only a matter of time until they do.

      • NoiseColor@startrek.websiteEnglish
        2·
        7 months ago

        Delusional? I’m sure you just mean to capture my attention, but you dont have to try like that.

        I’m not here to defend Adobe or praise their products. For the last 2 years I have done my best to get rid of them and finally, about a month ago I conceded and payed for the subscription again.

        Let me tell you, there is no software (none, 0), that can do half what photoshop can do and is less buggy. That doesn’t say, photoshop or any other Adobe product is not buggy and doesn’t have issues, it’s just a fact there is no competition.

        I say that completely confidently and with no delusion anywhere.

          • NoiseColor@startrek.websiteEnglish
            1·
            7 months ago

            Yes. Bought the whole package. I decided that this is the software for me and tried to use it. After two months, I gave up. It’s not bad, it’s just not as good. It just takes an extra click here and there, a function less here and there, an illogical here and there and that culminates to my work being done slower and me being annoyed. Affinity designer being the worst, missing auto tracing and messing up svg exports.

            Not to mention the new generative ai functions that are now natively in Adobe products. That’s literal gold. You can’t be a serious designer and not use that. That saves up so much time, it’s not possible to not have. Not possible. Adobe won. We can cry about it and whine, but they won. To bad, but it is what it is.

            And the subscription price. It’s easy to get 50% off on deals for the whole package. That’s about 35 per month. That is a negligible. That’s like less than an hour of work on a freelancers hourly rate.

        • dreamer@lemm.eeEnglish
          1·
          7 months ago

          What I don’t understand about people who say things like there are alternatives and point to open source software. Like I understand that most people have used nothing but Adobe since forever, but have you even tried using alternatives for actual work? It’s a frustrating experience.

          • NoiseColor@startrek.websiteEnglish
            1·
            7 months ago

            Yes! It’s just not as good and more importantly, it’s not good enough. At first I thought it’s because I’m not as familiar, but no, they are just not set up as good as Adobe. That’s the bottom line. Why waste time.