Episode
E96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
1:31:31
Published: Sat Sep 17 2022
Description
0:00 Bestie intro! 0:59 Adobe agrees to acquire Figma for $20B 19:21 How Adobe might bundle Figma, regulatory implications 38:59 Analyzing Google's "one off" acquisition of YouTube 49:33 Friedberg breaks down the latest TPB SPAC news 1:00:37 Pfizer sued for Title VI violation, substantial legislation change in 2022 1:05:07 FedEx drops after CEO says we're in a global recession, Russia/Ukraine update, UN chimes in on global famine Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://www.google.com/finance/quote/ADBE:NASDAQ https://www.figma.com/blog/a-new-collaboration-with-adobe https://www.cnbc.com/2022/09/15/fedex-ceo-says-he-expects-the-economy-to-enter-a-worldwide-recession.html https://justthenews.com/government/courts-law/pfizer-sued-racial-bias-over-minorities-only-fellowship https://twitter.com/LizAnnSonders/status/1570711614277419009 https://www.nytimes.com/2022/09/13/us/politics/ukraine-russia-pentagon.html https://www.reuters.com/world/asia-pacific/exclusive-war-began-putin-rejected-ukraine-peace-deal-recommended-by-his-aide-2022-09-14/ https://www.axios.com/2022/09/16/un-345-million-starvation-risk-ukraine-war-worsens-crisis
Chapters
The podcast host discusses the issues surrounding brigading on social media and how it can be harmful to content creators and moderators.
00:00 - 00:27 (00:27)
Summary
The podcast host discusses the issues surrounding brigading on social media and how it can be harmful to content creators and moderators.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Adobe's stock price has dropped 15% after rival design software company Figma secured $50 million funding, raising questions about the market and Adobe's position compared to Figma's.
00:27 - 03:20 (02:52)
Summary
Adobe's stock price has dropped 15% after rival design software company Figma secured $50 million funding, raising questions about the market and Adobe's position compared to Figma's. Industry experts are weighing in on the situation as the design software industry continues to grow.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The company achieved rapid growth from 700,000 to 77 million in four years, although they may face slowing growth at 450 million this year and in the future as companies usually decelerate by two and a half times after achieving high growth rates.
03:20 - 07:52 (04:32)
Summary
The company achieved rapid growth from 700,000 to 77 million in four years, although they may face slowing growth at 450 million this year and in the future as companies usually decelerate by two and a half times after achieving high growth rates.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A company is offering a portion of its shares and cash for a merger deal to eliminate the biggest risk to their business, which amounts to around 12% of their company.
07:52 - 11:10 (03:17)
Summary
A company is offering a portion of its shares and cash for a merger deal to eliminate the biggest risk to their business, which amounts to around 12% of their company.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Adobe's decision to offer a competitor to Figma for free disrupted their business model and has forced them to find a way to replace the revenue.
11:10 - 17:01 (05:51)
Summary
Adobe's decision to offer a competitor to Figma for free disrupted their business model and has forced them to find a way to replace the revenue. This change is expected to result in a temporary loss of revenue for Adobe.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Entrepreneurs should consider competing against monolithic product companies like Adobe rather than platform companies like Microsoft when building their enterprise businesses.
17:01 - 22:59 (05:58)
Summary
Entrepreneurs should consider competing against monolithic product companies like Adobe rather than platform companies like Microsoft when building their enterprise businesses. Recent acquisitions show that Adobe's creative cloud products are now embedded in these acquired monolithic companies, leading to extreme premiums.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Google recognized the shift towards video content as a bigger, transformative opportunity and now video creation tools are accessible to all types of businesses.
22:59 - 26:29 (03:29)
Summary
Google recognized the shift towards video content as a bigger, transformative opportunity and now video creation tools are accessible to all types of businesses.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The antitrust authorities in Washington currently have a list of companies that they suspect.
26:29 - 32:25 (05:56)
Summary
The antitrust authorities in Washington currently have a list of companies that they suspect. Operating system monopolies like iOS and Google's Android are monopolies and it would be ideal to be able to install or download apps without utilizing Apple App Store.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The conversation revolves around the acquisition strategy of Adobe, how this move made an impact on their sales and customers, the risks it carries, and the comparison between the Facebook and WhatsApp merger.
32:25 - 38:52 (06:27)
Summary
The conversation revolves around the acquisition strategy of Adobe, how this move made an impact on their sales and customers, the risks it carries, and the comparison between the Facebook and WhatsApp merger.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Despite copyright infringements and legal battles, most of the content being watched on YouTube is still copyrighted material, showing the power of Google's acquisition of the platform in 2006.
38:52 - 46:17 (07:25)
Summary
Despite copyright infringements and legal battles, most of the content being watched on YouTube is still copyrighted material, showing the power of Google's acquisition of the platform in 2006.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The reduction of global undernourishment to 600 million people over the last 30 years highlights the importance of resiliency and redundancy in food supply chains.
46:17 - 51:24 (05:07)
Summary
The reduction of global undernourishment to 600 million people over the last 30 years highlights the importance of resiliency and redundancy in food supply chains. Moving design tools to the cloud is a clear and sensible vision but tracking the number of users is also crucial to understanding its impact.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The ag input companies charge more in a market where the local currency devalues and farmers can afford to pay more since they earn more by selling their produce into the market.
51:24 - 1:01:51 (10:26)
Summary
The ag input companies charge more in a market where the local currency devalues and farmers can afford to pay more since they earn more by selling their produce into the market. The agritech industry includes seed, chemistry, protection, and software companies.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this episode, the hosts discuss the sneaky tactics employed by the GOP, including fundraising, redistricting, and enticing state legislators to their side, and speculate on the possibility of a vote for the gay marriage bill being brought up in order to intensify the wedge issue.
1:01:52 - 1:05:22 (03:29)
Summary
In this episode, the hosts discuss the sneaky tactics employed by the GOP, including fundraising, redistricting, and enticing state legislators to their side, and speculate on the possibility of a vote for the gay marriage bill being brought up in order to intensify the wedge issue.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Chamath Palihapitiya discusses his opinion on the state of the economy and the impact of the Fed's interest rates on spending.
1:05:23 - 1:12:42 (07:18)
Summary
Chamath Palihapitiya discusses his opinion on the state of the economy and the impact of the Fed's interest rates on spending. While FedEx's warnings may have been overstated, he believes they are "directionally correct."
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The administration took credit for certain events during the Ukraine war and Russia was seeking a written guarantee from America before the war began, while a provisional deal with Kiev had been struck beforehand.
1:12:42 - 1:16:39 (03:56)
Summary
The administration took credit for certain events during the Ukraine war and Russia was seeking a written guarantee from America before the war began, while a provisional deal with Kiev had been struck beforehand.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The number of people facing acute food insecurity has increased two and a half times since the pandemic hit, with 345 million people facing the issue in 82 countries where the UN operates.
1:16:39 - 1:24:45 (08:06)
Summary
The number of people facing acute food insecurity has increased two and a half times since the pandemic hit, with 345 million people facing the issue in 82 countries where the UN operates. This is a setback for efforts made in the past 30 years to reduce famine and build a resilient food supply chain.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The current economic situation will last longer than people expect and will have a greater impact than most people realize, especially those who have taken out credit lines or second mortgages on their homes.
1:24:45 - 1:31:18 (06:33)
Summary
The current economic situation will last longer than people expect and will have a greater impact than most people realize, especially those who have taken out credit lines or second mortgages on their homes. Despite this, it is unlikely that the unemployment rate will exceed 10%.
EpisodeE96: Adobe acquires Figma for $20B, TPB SPAC, FedEx CEO's recession warning, macro picture & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The transcript contains unintelligible and nonsensical phrases pertaining to sex, tension, habitats, and merch.
1:31:18 - 1:31:42 (00:23)
Summary
The transcript contains unintelligible and nonsensical phrases pertaining to sex, tension, habitats, and merch.