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Europe Commission says Adobe's $20B buy of Figma will kill competition

⁨425⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨week⁩ ago⁩ by ⁨ZeroCool@feddit.ch⁩ to ⁨technology@lemmy.world⁩

https://www.theregister.com/2023/11/20/ec_rules_adobes_20bn_buy/

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  • OrangeCorvus@lemmy.world ⁨1⁩ ⁨week⁩ ago

    Adobe already killed almost all competition in the creative space and I hate that. I’m thankful for software like Davinci Resolve and the Affinity apps.

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    • otter@lemmy.ca ⁨1⁩ ⁨week⁩ ago

      Recently learned about Krita too, which is more for art but it’s nice

      There’s a plugin for AI generation now

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      • PeleSpirit@lemmy.world ⁨1⁩ ⁨week⁩ ago

        I didn’t know they had AI generation now, I need to use it again. I haven’t had a project that needed it for a bit.

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      • Gormadt@lemmy.blahaj.zone ⁨1⁩ ⁨week⁩ ago

        There’s also GIMP as a Photoshop alternative

        And Dark Table as a Lightroom alternative

        Both are pretty great IMO

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      • CordanWraith@aussie.zone ⁨1⁩ ⁨week⁩ ago

        Oh, I used to like Krita. That’s disappointing that they’re yet another on the AI train

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      • KneeTitts@lemmy.world ⁨1⁩ ⁨week⁩ ago

        Krita is a lot better than Gimp if you need a PS alternative

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    • ActionHank@sopuli.xyz ⁨1⁩ ⁨week⁩ ago

      Obligatory shout out to Blender, the most amazing community project ever. And GPL’d to boot! Suck it Adobe! makes obscene crouch tugging gestures

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    • dukk@programming.dev ⁨1⁩ ⁨week⁩ ago

      Kdenlive is also a really cool video editor. I use it occasionally. You don’t see many professionals using it but honestly it can do a lot more than what most people give it credit for.

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      • KneeTitts@lemmy.world ⁨1⁩ ⁨week⁩ ago

        Blender has a video editor in it too… hell Im surprised it doesnt have a full photo editing suit in it at this point

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    • KneeTitts@lemmy.world ⁨1⁩ ⁨week⁩ ago

      Adobe should have Never been allowed to buy Macromedia, what a massive crime that was. I had fully shifted off all Adobe products and was using Macromedia for everything… then that happened. Its all been downhill since that.

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      • essteeyou@lemmy.world ⁨6⁩ ⁨days⁩ ago

        You just made me remember Dreamweaver. Moving to DW from FrontPage felt like moving to IntelliJ Idea from Eclipse.

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  • Wet@lemmy.world ⁨1⁩ ⁨week⁩ ago

    For anyone using Figma, there’s a free open source alternative called PenPot that’s quite decent.

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    • pslightlypsycho47@lemmy.world ⁨1⁩ ⁨week⁩ ago

      Awesome! Found out about Figma last week so I’ll use this instead.

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  • baggins@lemmy.ca ⁨1⁩ ⁨week⁩ ago

    Ligma?

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    • Zoboomafoo@lemmy.world ⁨1⁩ ⁨week⁩ ago

      Figma balls

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      • OneOrTheOtherDontAskMe@lemmy.world ⁨1⁩ ⁨week⁩ ago

        Came here just to be sure SOMEONE said it

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    • Poggervania@kbin.social ⁨1⁩ ⁨week⁩ ago

      Figma dick in Adobe’s mouth

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  • 100_percent_a_bot@lemmy.world ⁨1⁩ ⁨week⁩ ago

    I heard Steve Jobs died from figma

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    • captain_oni@lemmy.world ⁨1⁩ ⁨week⁩ ago

      Who the hell is Steve Jobs?

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      • 100_percent_a_bot@lemmy.world ⁨1⁩ ⁨week⁩ ago

        Figma ass

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  • dangblingus@lemmy.world ⁨1⁩ ⁨week⁩ ago

    What’s figma?

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    • Zaphod@discuss.tchncs.de ⁨1⁩ ⁨week⁩ ago

      figma balls?

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    • 520@kbin.social ⁨1⁩ ⁨week⁩ ago

      UI design software

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      • MonkderZweite@feddit.ch ⁨1⁩ ⁨week⁩ ago

        Seriously, how will that kill competition? I could probably tell 10 tools from the top of ma head.

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  • Clbull@lemmy.world ⁨1⁩ ⁨week⁩ ago

    Adobe: Figma balls!

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  • kpw@kbin.social ⁨1⁩ ⁨week⁩ ago

    What's Figma?

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    • mrfriki@lemmy.world ⁨1⁩ ⁨week⁩ ago

      An UX (user experience) design app. Adobe has his own app for this: Adobe XD (Yes, that’s its actual name) but since nobody wanted it, they decided to buy the competition, that is, Figma.

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    • ZeroCool@feddit.ch ⁨1⁩ ⁨week⁩ ago

      Read the article.

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      • kpw@kbin.social ⁨1⁩ ⁨week⁩ ago

        It was a joke.

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  • autotldr@lemmings.world [bot] ⁨1⁩ ⁨week⁩ ago

    This is the best summary I could come up with:

    Updated The European Commission says Adobe’s proposed $20 billion purchase of web-first design collaboration startup Figma will harm competition in the region unless the pair devise remedies to resolve this.

    The transaction would represent the most expensive sale of a privately owned software company in history, and was flagged as a concern by 16 member states of the European Union in February, such is the lack of credible alternatives to Adobe on the market.

    The EC leaned in for an in-depth investigation of the merger in August, and late on Friday evening - in the Euro time zone - it delivered the damning preliminary verdict in a Statement of Objections.

    By erasing Figma as a competitive hurdle, Adobe would also tighten its grip on the supply of vector and raster editing tools, the EC added.

    The sale was first announced in September 2022, and served to unsettle some developer customers of Figma, ones that were worried Adobe would kill off the free version, or its own XD software, anxiety the clearly EC shares.

    The EU’s regulator isn’t the only one taking a keen interest in the $20 billion merger; the UK’s Competition and Markets Authority and the Department of Justice’s antitrust team are also inspecting the proposal.

    The original article contains 667 words, the summary contains 207 words. Saved 69%. I’m a bot and I’m open source!

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  • mrfriki@lemmy.world ⁨1⁩ ⁨week⁩ ago

    There is still hope. I’m not holding my breath tough.

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  • pokemaster787@ani.social ⁨1⁩ ⁨week⁩ ago

    I at first thought it was the action figurine company Figma and was very confused.

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  • Zaphod@discuss.tchncs.de ⁨1⁩ ⁨week⁩ ago

    $20B? Holy shit that’s alot

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    • KneeTitts@lemmy.world ⁨1⁩ ⁨week⁩ ago

      massively over valued if you ask me… as are most things in the tech sector

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  • adam_b@infosec.pub ⁨1⁩ ⁨week⁩ ago

    time to move to Penpot

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