Tag Archives: Adobe Inc.

Penpot, an open-source rival to Figma, raises $8 million

It’s been 13 days since Adobe announced its plan to spend $20 billion on Figma, the maker of popular design software. In that time, an open-source alternative called Penpot has seen a surge in activity. Now, Penpot has fresh capital to fuel that growth. related investing news Netflix gets upgrade …

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DocuSign names former Google executive Allan Thygesen as new CEO

Allan Thygesen, attends the YouTube Brandcast 2022 at Imperial Theatre on May 17, 2022 in New York City. Roy Rochlin | Getty Images DocuSign shares rose more than 3% in extended trading after the electronic signature software maker announced it has hired an Alphabet executive, Allan Thygesen, to be its …

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Here’s Bret Taylor’s first big technical move at Salesforce as co-CEO

Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Nathan Laine | Bloomberg | Getty Images Ten months after his promotion to co-CEO of Salesforce, serving alongside famed founder Marc Benioff, Bret Taylor is gearing up to take the stage at the …

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Figma investors score historic coup with Adobe deal in down year

Adobe is paying 2021 prices. It’s 2022. Wall Street hates it. Silicon Valley is thrilled. In a year that’s featured exactly zero high-profile tech IPOs and far more headlines about mass layoffs than big funding rounds, Adobe’s $20 billion acquisition of Figma on Thursday is what some might call a …

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Adobe to acquire design platform Figma for $20 billion

Shantanu Narayen, CEO of Adobe Systems Inc. David Paul Morris | Bloomberg | Getty Images Adobe announced Thursday morning that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock. Figma, founded in 2012, creates cloud-based design software that allows teams to …

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Figma growing inside Microsoft, testing longtime deal with Adobe

Dylan Field, co-founder and CEO of Figma, speaks at the startup’s Config conference in San Francisco on May 10, 2022. Figma Microsoft and Adobe have been friendly bedfellows for decades. Microsoft’s dominant PC operating system has been the gateway for Adobe to reach millions of business users with its design …

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Facebook cuts hundreds of custodial jobs in ending contract with ABM

Facebook parent Meta has cancelled a contract with custodial workers at its Silicon Valley headquarters, resulting in hundreds of job cuts later this month. Meta informed facilities management vendor ABM Industries of the cancellation in mid-June, and the cuts will go into effect on July 25, according to documents filed …

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Adobe (ADBE) earnings Q2 2022

Shantanu Narayen, chairman and chief executive officer of Adobe Systems Inc., during a telecast of the SoftBank World event in Tokyo arranged in Kawasaki, Kanagawa Prefecture, Japan, on Thursday, Oct. 29, 2020. SoftBank World, the company’s annual two-day event for customers and suppliers, ends Friday. Akio Kon | Bloomberg | …

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Apple could gain ground against Microsoft Windows with M2 chips

Apple CEO Tim Cook (R) looks at a newly redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference. Justin Sullivan | Getty Images Apple’s new laptops announced on Monday, featuring the …

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General Mills, Winnebago, GameStop and others

Check out the companies making headlines before the bell: General Mills (GIS) – General Mills gained 1.6% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year outlook. The food maker earned an adjusted 84 cents per share, 6 cents above estimates, with revenue essentially in line with …

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