INTERVIEW: FIGMA’S CEO ON LIFE AFTER THE COMPANY’S FAILED SALE TO ADOBE

Summary from the TLDR newsletter

Figma's CEO Dylan Field offered employees severance if they wanted to leave the company after its blockbuster sale to Adobe was blocked by regulators. 4% of employees took him up on the offer. While Figma appears to be in a stronger position than when it first agreed to sell to Adobe in 2022, Field also lowered the company's internal valuation to $10 billion - the same number it was in 2021. Field wants to use Adobe's $1 billion breakup fee to look at new areas for Figma to expand to.