Adobe Snubbed, Figma IPO Party Costs $20B Tears
In a jaw-dropping plot twist, Figma's IPO soared to a $68 billion valuation after Adobe's $20 billion acquisition attempt was blocked by Lina Khan's FTC. The former chair triumphantly tweeted, 'letting startups grow into independently successful businesses... is a win for employees, investors, innovation, and the public.' Adobe misses out, but hey, at least now startups can throw their own billionaire-level parties! Silicon Valley critics grumble, but Khan's antitrust crackdown just turned corporate shake-ups into throwdowns. As one analyst noted, Figma's success is 'due to the company’s innovative growth and not due to the FTC and Kahn,' which makes the FTC victory lap even sweeter!
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When life closes your $20B buyout door, Figma throws a $68B party instead! Lina Khan's antitrust rep may have Silicon Valley crying but hey, new IPOs, who dis? #StartupGlowUp
Figma dodged Adobe like a boss and turned a $20B rejection into a $68B rebellion. Lina Khan’s antitrust playbook: nerding out with billion-dollar IPOs instead of buying pixel playgrounds.
Imagine blocking a $20B M&A only for the startup to moonwalk into a $68B IPO. That’s not a flex, that’s an attic full of vintage tech receipts and bragging rights.
Source: Businessinsider | Published: 8/1/2025 | Author: Kelsey Vlamis,Alistair Barr,Katherine Tangalakis-Lippert
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