Lina Khan points to IPO Figma as a debt collection of M&A control

The surprising figure is celebrated by the successful IPO Figma: Lina Khan, a former chairwoman of the Federal Trade Commission.

On Friday afternoon Post on XKhan tied up article About the impressive first day of Figma trading and argued that IPO is “a great reminder that allowing start -ups to grow up to the company’s successes, and not bought by existing giants, can generate great value.”

Khan referred to an agreement value $ 20 billion for Adobe for the acquisition of a fig, which passed in 2023, while Adobe cited the lack of a “clear path” for approval by the European Commission and the Office of Company and the Great Britain markets, the takeover is also regulatory control in the United States in the United States.

At the time, Khan was the chairman of FTC, leading the agency to challenge Big Tech on the fronts, including taking up the startups-to the extent that the firms tried to avoid this control using “reverse acquisitions” in which they employed key team members and licensed technology, and not buying start-ups. (It seems that the practice is continued despite the departure of Khan from FTC).

While her aggressive attitude led to intensive criticism from the corners of the technology industry, she defended her approach, saying that only a small percentage of contracts received a “second view” and arguing that the founders will eventually profit from the “world in which you have six or seven potential servants”, not “only one or two”.

And although Khan – who was appointed by President Joe Biden – He gave up at the starting On the second administration of Trump, her comments on Friday paint IPO Figma as a debt collection of her approach, calling IPO “victory for employees, investors, innovation and society.”

Of course, Khan’s critics more often perceive the success of Figma as it comes despite the regulatory control, not for this reason. For example, the Wedbush Dan Ives safety analyst Business Insider said“Figma is a huge success, but it results from the innovative development of the company, not because of FTC and Kahn.”