Adobe (NASDAQ: ADBE) is paying a massive premium to buy Figma, a $20 billion price that's 50 times Figma's sales last year. While not a competitor, Figma certainly represents a threat to Adobe. Fool contributors Jason Hall and Jeff Santoro discuss the details and whether it was a mistake or a smart move for Adobe.
*Stock prices used were the afternoon prices of Sept. 21, 2022. The video was published on Sept. 22, 2022.
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Jason Hall has no position in any of the stocks mentioned. Jeff Santoro has positions in Adobe Inc. and has the following options: long January 2024 $420 calls on Adobe Inc. and short January 2024 $430 calls on Adobe Inc. The Motley Fool has positions in and recommends Adobe Inc. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe Inc. and short January 2024 $430 calls on Adobe Inc. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
