In September 2022, Adobe dropped the bombshell news that it intended to buy Figma for $20 billion. It was a huge chunk of money for a startup that had recently been valued at half that amount, and it was a deal that would make investors and some Figma employees wealthy beyond their wildest dreams. But first it had to pass regulatory muster — and that has proven stubbornly difficult.
In fact, more than 13 months after the deal was announced, the two companies remain separate entities. A year is a long time in the tech world. Figma hasn’t been idly waiting for its corporate suitor and has continued to work on the platform, hiring 500 new people since the deal was announced for a total of 1,300 employees today.
Dispatches From The Front 