> We’re forgetting that all of FAANG IPOd when they too were much less than $20 billion
We are forgetting that because... well, it ain't true. Facebook was way over $20B at IPO. Google was close but still higher.
We are forgetting that because... well, it ain't true. Facebook was way over $20B at IPO. Google was close but still higher.
Regardless, given the fact they were close / within the same order of magnitude as Figma, it's interesting that the prospect of them IPOing is apparently considered a nuclear option.
In addition, once you announce to employees that the company is getting bought, the culture changes drastically in ways that are not favorable to independent continuation, for better or worse.
That said, the $1B cash infusion must be nice enough to soothe most of the pain. I wish and expect them all the best should they deploy that cash wisely.