Adobe - Is Adobe Paying 50 Times Top Line Revenue?

Figma was founded 2011 2012. It had a very long wilderness period where the founders trying to figure out what the product's gonna be Really for almost five years. In 2017 again the first year they monetize they did 700,000 They ended the year 700,000 of ARR Remember that ARR is kind of a point in time metric. So they ended 2017 with 700,000 2018 they ended with 4 million 2019 they ended with 23 million 2020 they ended with 77 million 2021 210 million and then the estimated number for this year is 450. Sacks if you judge Adobe stock price the other day the market hated the deal I mean the Adobe stock price went down like 15% and that