Adobe has decided to end its efforts to create a web design product to compete with Figma Inc. following the collapse of its proposed $20 billion acquisition of the startup. The XD web-design product will not receive further investment and will be put in 'maintenance mode' after the failed Figma deal. Any future work in the product design space by Adobe will be through partnerships. This decision comes after the collapse of the planned merger with Figma, and it signifies a shift in Adobe's strategy in the product design space.
Adobe has 'no plans' to invest in XD despite failed Figma buy https://t.co/pEobjOToiH
Meta is pulling back on its investment in augmented reality. https://t.co/wk722Sm74V By @SylviaVarnham & @kalleyhuang
Interesting. Adobe pulling back on its own in-house Figma competitor (after its deal to buy Figma collapsed). Important reporting @BrodyFord_ https://t.co/Us3kNCLX2H
Scoop: Adobe is officially giving up on building a direct Figma competitor after its planned merger collapsed. XD won't see further investment and any work in the product design space will be through partnerships. https://t.co/9HZvRYJ6ey
Adobe says it has "no plans to further invest" in its XD web-design product, which it put in "maintenance mode" at the outset of its now-scrapped Figma deal (@brodyford_ / Bloomberg) https://t.co/HOJvRCsE27 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/31r4nLELly
Adobe will end its effort to create a web design product to rival Figma Inc. after the collapse of its proposed $20 billion acquisition of the startup https://t.co/5hT8yXlzYw