Adobe announced Thursday that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock. Shares of Adobe sank 17%, their biggest plunge since 2010. Figma, founded ...

Figma (NYSE: FIG) went public last month, and many investors were eager to buy it right away. The company provides software for design and website creation. It's ideal for collaborating on projects.

Figma's web-based creativity software platform compelled Adobe to attempt an acquisition. Figma has the ingredients for years of profitable growth ahead. The poor sentiment among software stocks has ...

Figma's web-based creativity software platform compelled Adobe to attempt an acquisition. Figma has the ingredients for years of profitable growth ahead. The poor sentiment among software stocks has ...

Figma's web-based creativity software platform compelled Adobe to attempt an acquisition. Figma has the ingredients for years of profitable growth ahead. The poor sentiment among software stocks has ...