I don't think Figma is going to die. It'll be bundled as part of the Creative Suite. It'll add buttons to quickly export your designs to PhotoShop or Illustrator or whatever. It'll probably get slower and clunkier.
Not death, just... Adobe.
Not death, just... Adobe.
I'm old enough to remember when Adobe acquired Macromedia. They slapped some new icons on Dreamweaver, Fireworks, Flash etc. then completely neglected them until people abandoned them. I pray Figma fares better.
I'd be surprised if they decided to shutter Figma. Now... ruin it by adding a bunch of crap nobody wants like Adobe does with every other product? Pretty likely. But I don't think they'll do what they did to Macromedia. I could be wrong, though.
Also, Dreamweaver was heads and shoulders above GoLive or whatever that app was Adobe was pedaling for web page design at the time. It lost its edge once Adobe adopted it as their main web page editing app.
High chance Adobe increases pricing & wastes a year of engineering resources on integrating Figma with their Adobe Cloud over building useful features.
In the short term, they've got to lay off redundant folks, join the new healthcare plan and learn how to work with lots of new stakeholders. All that comes before the actual engineering work of integrating into Adobe Cloud. That's a lot of organizational chaos, not great for shipping.
In the long term, I'd guess there will be a cultural shift away from speed. Startups are fast because if they're not, they die. Large corporations don't do that. Large corporations have enterprise customers and people who worry about liability and lots of politics. It's just a different mindset and set of pressures.
I can promise you it wont. None of their recent acquisitions have. Allegorithmic Substance is extra money on top of CC now they've bought it. Figma will probably remain an extra subscription too.