News Summary

• Lina Khan, former chair of the Federal Trade Commission, is celebrating Figma’s successful IPO.
• She argued the IPO is “a great reminder that letting startups grow into independently successful businesses, rather than be bought up by existing giants, can generate enormous value” Khan was alluding to a $20 billion deal for Adobe to acquire Figma that fell through back in 2023.
• While Adobe cited the lack of a “clear path” to approval from the European Commission and the U.K. Competition and Markets Authority, the acquisition also faced regulatory scrutiny in the United States.