Adobe shares fall on weak quarterly revenue guidance

Adobe shares fell 13% on Friday morning after the company reported a light revenue forecast for the current quarter. Adobe shares dropped 13% after the firm reported light revenue guidance for the quarter. The company is expected to report a disappointing quarter in the first half of the year.

Adobe paid a $1 billion termination fee to fast-growing startup Figma after regulators pushed back on the two companies combining. Adobe shares slip 10% on soft sales forecast. The two companies were set to be merged in a deal between Adobe and Figma, which was approved by regulators.

Adobe paid a $1 billion termination fee to fast-growing startup Figma after regulators pushed back on the two companies combining. Adobe shares slip 10% on soft revenue forecast. The two companies were set to be merged in a deal between Adobe and Figma, which was approved by regulators.