The $20 billion deal with Figma is a historic blow for startup investors in an otherwise miserable year

The $20 billion deal with Figma is a historic blow for startup investors in an otherwise miserable year

Adobe is paying 2021 prices. It’s 2022. Wall Street hates him. Silicon Valley is thrilled. In a year that has featured exactly no high-tech IPOs and far more headlines about mass layoffs than big funding rounds, Adobe’s acquisition of Figma for $20 billion on Thursday is what some might call a narrative violation. There were …

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