What's Going On With Adobe Stock Friday
Portfolio Pulse from Anusuya Lahiri
Adobe Inc's stock slipped after the UK's Competition and Markets Authority (CMA) recommended a deeper probe into its deal with Figma. The CMA expressed concerns about the potential lessening of competition in the supply of screen design software and creative design software. The deal has also drawn antitrust concerns from the US and EU.
June 30, 2023 | 1:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Adobe's stock price may be negatively impacted in the short term due to the regulatory scrutiny over its deal with Figma.
The news of a deeper probe into Adobe's deal with Figma by the UK's CMA, along with antitrust concerns from the US and EU, could create uncertainty among investors. This could lead to a short-term negative impact on Adobe's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100