ICYMI

Last week's highlights...

Monday, September 19, 2022 by Robinhood Snacks |
  • Photoshop: Adobe agreed to buy design-software startup Figma for $20B — its largest acquisition by far. Cue: Adobe stock had its worst day since 2010, as investors worry that it’s overpaying to quash competition.
  • Searched: The EU ordered Google to pay a record $4B after it lost its appeal to an Android-related antitrust ruling. Crackdowns abroad could increase pressure in the US, where tech regulation has stalled.
  • iCharge: Goldman Sachs’ loss rate on Apple Card loans is the worst among major US credit-card issuers (read: problems with bad FICO scores). Banks with more subprime exposure would feel the hit of a recession first.