On Dec. 18, a $20 billion deal by Adobe, the software giant, to buy Figma, a San Francisco start-up darling, fell apart after more than a year of regulatory scrutiny.
In a blog post that day, Dylan Field, Figma’s chief executive and co-founder, painted an optimistic picture of what would come next.
Behind the scenes, the start-up, a design platform, is picking up the pieces.
In recent weeks, Figma said it had reset its internal valuation to $10 billion — half of what Adobe planned to pay for it.
Figma is also grappling with a tech industry that has been changed by a frenzy over artificial intelligence.
Persons:
Dylan, “, ”, Figma, Michael Amodeo
Organizations:
Adobe
Locations:
San Francisco