Adobe and Figma's Divergent Path

The last time I covered Adobe’s earnings was back in 2Q’23. In that update, I explained why I decided to sell the stock. In retrospect, that was perhaps one of my well-timed exits so far.

But has the market been punishing Adobe too much? I wouldn’t focus too much answering that question here, but I will explore an interesting divergence between Adobe and Figma behind the paywall.

In addition to “Daily Dose” (yes, DAILY) like this, MBI Deep Dives publishes one Deep Dive on a publicly listed company every month. You can find all the 65 Deep Dives here.