Figma's $68 Billion IPO: Why Millions Are Deleting Adobe

Description

Figma went from underdog to one of the biggest stories in tech. It started as a lightweight design tool that felt refreshingly different from Adobe’s bloated lineup, and creatives flocked to it for the speed, simplicity, and generous free tier. Then everything changed when Adobe tried to buy them out for $20 billion. Regulators stepped in, the deal collapsed, and Adobe had to hand over a $1 billion breakup fee. That single twist gave Figma three times the funding it had ever raised and turned it into a serious challenger. With that war chest, Figma doubled down. They expanded their product lineup, secured 95% of the Fortune 500, and actually became profitable—something rare in Silicon Valley. By 2025, they pulled off the year’s largest IPO, opening at $85 a share and briefly soaring past a $60 billion valuation. The hype has cooled since, but Figma’s rise is proof that a focused startup can stand up to giants, reshape an industry, and maybe even set the standard for the next era of creative software. Timestamps: 0:00 - Figma’s $60 Billion IPO 0:39 - The Monopoly 5:47 - Figma, The Underdog 9:20 - The Comeback Resources: https://pastebin.com/N4T6t3Re