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On Thursday, Adobe revealed that it would buy design....

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software company Figma for roughly $20 billion in cash and equity.

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Adobe's stock fell 17%, marking the worst decline since 2010

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Figma was established in 2012 and makes cloud-based design software

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that enables real-time collaborative collaboration. It squares off against Adobe's XD software

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The company's previous investment round in 2021 valued it at $10 billion.

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This year, it's anticipated that Figma will bring in more than $400 million in

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annual recurring income thanks to its investors, which include companies.