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analyst at Aptus Capital Advisors that owns a 1.5% stake in Adobe. “It tends to not be a great sign when a company has to acquire to defend share. It’s not a sustainable solution.” A CNBC report last month said thousands of Microsoft employees were utilizing Figma, putting pressure on the close relationship shared by the software giant with Adobe. Distribution across machines running on Windows helped Adobe gain ubiquity and the companies also sync their products across platforms. The deal is expected to close in 2023 and San Francisco-based Figma will continue to be led by co-founder and Chief Executive Dylan Field. Either company will have to pay a termination fee of $1 billion if they scrap the deal. Meanwhile, Adobe’s fourth-quarter revenue forecast of $4.52 billion came in below the $4.58 billion estimated by analysts, according to Refinitiv data. Third-quarter profit also fell nearly 6%, reflecting the hit from a stronger dollar and higher costs. PAID PARTNER CONTENT MORE FROM Here’s what the railroads and unions agreed to South Korea issues arrest warrant for developer of failed… Why the threat of a rail strike is delayed but not gone Amazon is about to stream its first ‘Thursday Night…
Adobe builds collaborative design muscle with $20 billion deal for Figma By Reuters Updated 1504 GMT (2304 HKT) September 15, 2022 Online shopping prices are starting to ease. Here’s why that’s significant 01:51 (Reuters)Adobe Inc will buy startup Figma for about $20 billion in its biggest deal, the Photoshop maker said on Thursday, bulking up on applications that support online collaboration amid a global shift to hybrid working. The cash-and-stock deal will give Adobe ownership of a company whose online collaborative platform for designs and brainstorming is used by firms ranging from Zoom Video Communications to AirBnB and Coinbase. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity,” Adobe Chief Executive Shantanu Narayen said in a statement. Adobe has sharpened its focus on the collaboration tools space in recent years through acquisitions. It acquired work management platform Workfront in 2020 and cloud-based video collaboration platform Frame.io last year. Still, shares fell 13% in early trading. Some analysts pointed to the size of the deal that could require Adobe to raise debt. The company had cash and cash equivalents of $3.87 billion as of Sept. 2. “We’re disappointed for the price paid for the company (Figma),” said David Wagner, portfolio manager and equity
market cap,” Deutsche Bank research analyst Marion Laboure wrote in a note this week. “Happy merge all,” Vitalik Buterin, the 28-year-old Russian-Canadian programmer who helped create Ethereum said on Twitter. “This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today,” he added. The co-founder said that the upgrade will “reduce worldwide electricity consumption by 0.2%.” While cryptocurrencies have seen a phenomenal rise in the last few years, observers say they’re terrible for the environment. According to Digiconomist, a platform that tracks crypto energy usage, a single Ethereum transaction is equivalent to the weekly power consumption of an average US household. Earlier this month, Digiconomist said that the power saved as a result of the upgrade would “likely be equivalent to the electrical energy consumption of a country like Portugal.” It could also become the “final nail in the coffin” for bitcoin’s transaction mechanism. Ethereum was down 0.7% after the news, trading at $1,592.78, but analysts say the upgrade could have a big impact on the crypto world in the long run. The world’s most valuable cryptocurrency, bitcoin, was down almost 1%, trading at $20,174, according to CoinDesk. “It’s been a long time in the making and the question on traders’ lips right now is will it be the next bullish catalyst for cryptos or a “sell the fact” event,” wrote Craig Erlam, a senior market analyst at Oanda, in a note on Thursday. PAID PARTNER CONTENT MORE FROM Russian businessman’s body found in latest… South Korea issues arrest warrant for developer of failed… Why the threat of a rail strike is delayed but not gone Analysis: What you need to know about the ethereum ‘merge’
Suitable for Women/Men/Girl/Boy, Fashion 3D digital print drawstring hoodies, long sleeve with big pocket front. It’s a good gift for birthday/Christmas and so on, The real color of the item may be slightly different from the pictures shown on website caused by many factors such as brightness of your monitor and light brightness, The print on the item might be slightly different from pictures for different batch productions, There may be 1-2 cm deviation in different sizes, locations, and stretch of fabrics. Size chart is for reference only, there may be a little difference with what you get.
- Material Type: 35% Cotton – 65% Polyester
- Soft material feels great on your skin and very light
- Features pronounced sleeve cuffs, prominent waistband hem and kangaroo pocket fringes
- Taped neck and shoulders for comfort and style
- Print: Dye-sublimation printing, colors won’t fade or peel
- Wash Care: Recommendation Wash it by hand in below 30-degree water, hang to dry in shade, prohibit bleaching, Low Iron if Necessary
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