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Figma will no longer be acquired and investors need to think twice about Adobe's growth prospects in the future.
Adobe's (ADBE 1.88%) $20 billion acquisition of Figma is off, and it's a big blow to the creative technology company.
In this video, Travis Hoium goes over the breakup and covers why it's such a big deal for Adobe. Not only is it a strategic challenge, it should make investors think twice about the company's valuation.
*Stock prices used were end-of-day prices of Dec. 19, 2023. The video was published on Dec. 19, 2023.
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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