Phil Siarri

The writing was on the wall…

Older man going into the sky
Image by Tumisu from Pixabay

On September 29, Google announced it is pulling the plug on its cloud gaming service Stadia.

Here are some key points:

  • Stadia launched in late 2019, allowing users to play modern games with minimal hardware via “the cloud”. Such technique is relatively similar to video streaming services such as Netflix.
  • The service has suffered from latency and connectivity issues.
  • Few games were available relative to other platforms.
  • Google shut down the “Stadia studios” (the in-house Stadia game development unit) in February 2021. This generated a fair amount of rumors on the future of the platform.
  • Users will continue to have access to their games library and play through mid January 2023.

This story was first published on The PhilaVerse (my Substack newsletter).

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Figma is a popular design software company but the price tag Adobe is willing to pay has shocked some observers…

Image of crayon and dollar sign
Image credit: Phil Siarri

Today, Adobe announced it has entered into a definitive merger agreement to acquire Figma, a well-known graphic design software provider.

Here are four things to know about the deal:

1/ Adobe will pay roughly $20 billion (in cash and stock) for the ten-year-old company.

2/ Figma software is quite popular among graphic designers, especially for its collaboration and prototyping features. It competes with Adobe’s XD program.

3/ Some observers were surprised by the high price tag. It’s about 50 times Figma’s reported $400 million of 2022 annual recurring revenue (ARR).

4/ The transaction is expected to close in 2023.

This story was first published on The PhilaVerse (my Substack newsletter).

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Phil Siarri

Phil Siarri

Founder of Nuadox | Tech & Innovation Commentator | Digital Strategist | MTL | More about me> psiarri.xyz