What the $20B deal signals for the future of Deep CollaborationAdobe just announced its intention to buy Figma for $20B, which would be amongst the largest software acquisitions in history. More notable still is the timing and price paid; $20B represents a 50x multiple of ARR at a time when public comps are trading around one-tenth that level. Why is Adobe willing to risk so much to buy Figma? Bec
