Lina Khan points to Figma IPO as vindication of M&A scrutiny

An amazing personality figure is celebrating successful IPO: Lina Khan, former chairman of the Federal Trade Commission.

Friday afternoon X postsKhana An article About Figma’s first day of business And argued that the IPO is “a great reminder that startups instead of buying by existing giants can generate a huge price to allow to grow in successful businesses independently.”

Khan Adobe was indicating a $ 20 billion contract to achieve Figure for Adobe In the meantime Back in 2021. Although Adobe has quoted the “clear path” for the European Commission and the UK competition and the approval of the market authorities, the acquisition also faced a regulatory investigation into the United States that it could prevent Figma from being an “effective contest” in Adobe.

Khan was the FTC chair at the time, led the agency to challenge Big Tech on fronts with startup acquisition-the companies tried to avoid the investigation so they tried to avoid “the opposite Aqui-buffer” where they appointed the original team members and licensed technology instead of the startups. (Practice Seems to continue Despite leaving Khan from FTC.)

Although his offensive position was sharply criticized from the angles of the technology industry, He has saved his approach It says that only a miniature percentage deals has received “a second appearance” and by arguing that the founder ends “you will benefit in a world where you have six or seven or eight potential suiters” just one or two “.

And though Khan – who was appointed President Joe Biden – Resign In the Second Trump administration, his comments depicted the Figma IPO on Friday as a reflection of its approach, calling the IPO “employees, investors, innovations and a win for the public.”

Of course, Khan’s critics seem to be more likely to come after the regulatory investigation of the figure success, not because of this. For example, Wedbush Protection Analyst Dan Ives Business Insider has been told“Figma is a huge success, but it is not due to the innovative growth of the organization and the FTC and Kahn.”