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Lina Khan points to Figma IPO as vindication of M&A scrutiny
A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission, who said the offering demonstrates the value of "letting startups grow into independently successful businesses."
A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission. While her aggressive stance led to intense criticism from corners of the tech industry, she defended her approach by saying that only a tiny percentage of deals received “a second look” and arguing that founders would ultimately benefit from “a world in which you have six or seven or eight potential suitors” rather than “just one or two.” For example, Wedbush Security 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 Kahn.”
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