Is Patagonia Going to Be Great Again?

Let’s take a moment of silence. Adobe is acquiring Figma. Judging by Adobe’s previous acquisitions this is surely the end of Figma’s best days, right? But Adobe is promising to keep Figma independent! Should we believe Adobe?

But let’s also celebrate. The founder of Patagonia is giving away his company to fight the climate crisis. He is setting a beautiful example of how companies can shift their main stakeholder from stockholders to the society and planet. But it also sets a dangerous precedent that other billionaires could exploit.

In this episode, we cover:

• why is Adobe really acquiring Figma,

• is Adobe likely to keep Figma independent,

• and how Patagonia’s news is a beautiful and dangerous precedent for other billionaires.

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