This is a huge deal. And it led to adobe's largest drop ind over a decade. So investors are very scared. It overshadowed what was a pretty strong quarter, otherwise a revenue rose 12 % for the business. Margins expanded, and while uidance was predictably weak, the business itself still remains very stable. But clearly there is something about this deal that is reactive and not proactive in my opinion.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode