> Khan’s critics are more likely to see Figma’s success as coming despite regulatory scrutiny, not because of it. For example, Wedbush Securities analyst Dan Ives told Business Insider, “Figma is a massive success, but it’s because of the company’s innovative growth and not due to the FTC and [Khan].”
That would be a great point if there were any indication at all that’s what Khan was implying. It’s either an intentionally disingenuous reading of her statements, or else an unintentionally dim comprehension of them…from an analyst…
It’s also not a great sign that Business Insider thought this was the best way to end this article. At the very least, how about interrogating whether or not their “innovative growth” might have something to do with how healthy regulatory systems might work to facilitate such things? Or whether that innovative growth could have continued apace under Adobe’s management?
I suppose I am being too credulous, and it’s more likely the same widely shared ideological bent that celebrates free market dynamism with each success, and decries oppressive regulations with each misstep. A culture that sees virtue in offshoring profits while simultaneously using them to eliminate competition, erode consumer protections, lobby for preferential tax credits, and generally skirt any/all obligations to the society which provided them with the opportunities, infrastructure, finance markets, skilled workforce, and well-qualified consumers that are all prerequisites to “innovative growth”.