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Why Adobe Is Paying $20 Billion for Figma

Demitri Kalogeropoulos, The Motley Fool
·3-min read
Why Adobe Is Paying $20 Billion for Figma

Adobe (NASDAQ: ADBE) recently announced solid quarterly earnings results that met management's forecast. The software giant also affirmed a bullish full-year outlook that calls for strong sales and earnings gains through late 2022. Let's examine why Adobe has decided to shell out $20 billion for Figma, a web-based collaborative design platform, and whether the market's harsh response to this news was warranted.

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