Prof G Markets: The Demise of Chamath’s SPACs, Citrix’s Debt Deal, and Adobe’s Figma Acquisition
Sep 26, 2022
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Ed Elson, a ProfG Media Analyst, and Jason Stabbers, Editor-in-Chief, join to unpack some market turbulence. They dive into Chamath Palihapitiya’s shuttering of his SPACs and the ripple effects on investors. Ed explains how Wall Street banks are grappling with a hefty $700 million from Citrix's leveraged buyout. The conversation heats up as Jason reveals why Adobe made waves by acquiring Figma for a staggering $20 billion, reshaping the future of digital design and collaboration.
This week on Prof G Markets, Scott shares his thoughts on Chamath Palihapitiya’s decision to close two of his SPACs. He then explains why Wall Street Banks are on the hook for $700 million after the leveraged buyout of Citrix, a software company. And in this week’s deep dive, we take a look at why Adobe would pay $20 billion for the design software company Figma in what may be the largest acquisition of a private technology company ever.