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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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US stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

US stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

U.S. stocks ended sharply higher on Friday, with all three major benchmarks suffering three consecutive weeks of losses, as investors appeared to have priced in another rate hike from the Federal Reserve. How Stock Indices Have Performed The Dow Jones Industrial Average DJIA, +1.19% advanced 377.19 points, or 1.2%, to close at 32,151.71. The S&P …

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