Lina Khan refers to Figma IPO as a justification for scrutiny and purchasing processes

A surprising figure is the celebration of the successful subscription of Weissa: Lina Khan, the former president of the Federal Trade Committee.

Friday afternoon After xKhan is linked to article on The first day impressive in Figma He argued that the public subscription is “a great reminder that allowing emerging companies to grow to successful companies independently, rather than buying them by the current giants, can generate enormous value.”

Khan was alluding to a $ 20 billion deal for Dubai to get Figma She fell In 2023, while Adobe was martyred that there was no “clear path” for the approval of the European Commission and the competition and markets in the UK, the acquisition also faced organizational audit in the United States due to fears that it could prevent it from being a “effective competitor” to Adobe.

Khan was the chair of the Federal Investigation Committee at the time, as it led the agency to challenge the large technology on the fronts, including the acquisitions of the start-up-to the point that companies tried to avoid this scrutiny by “renting the reverse acquisition” in which they rented the main team members and licensed technology instead of obtaining startups. (Practice It seems to be continuing Although Khan’s departure from FTC.)

While its aggressive position led to severe criticism of the technology industry angles, She defended her approach By saying that only a small percentage of deals received “a second look” and argued that the founders will eventually benefit from “a world where you have six, seven or eight potential addresses” instead of “only one or two”.

Although Khan – who was appointed by President Joe Biden – Initially Among the second Trump administration, its comments on Friday draw at Figma IPO as a justification for its approach, describing the public subscription “winning for employees, investors, innovation and the public.”

Of course, Khan’s critics are likely to see the Figma Najah coming despite organizational scrutiny, not because of it. For example, a security analyst, Wedbush Dan Evz Tell Business Insider“Figma is a great success, but because of the innovative growth of the company and not because of FTC and Kahn.”