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Posted by kualto 7/1/2025

Figma files for proposed IPO(www.figma.com)
https://www.sec.gov/Archives/edgar/data/1579878/000162828025...
515 points | 234 commentspage 4
andybak 7/1/2025||
And the cycle continues. Who's working on the "Figma but not enshittified" at the moment?
Lalabadie 7/1/2025||
Penpot is the most solid alternative I know of at the moment.
diggan 7/2/2025|||
With the biggest differentiator being that in Penpot, everything is a SVG/Open Standards, which for us web folks is a neat addition. Also developed by a local company in Spain, go Spain! And for the nerds, it's open source and built using ClojureScript :)
esskay 7/1/2025|||
And can be self hosted which is a massive plus!
rco8786 7/1/2025||
Honestly the cycle continuing is a breath of fresh air relative to the AI-ification of our entire industry.
giacaglia 7/1/2025||
Its S-1 shows $70M held in Bitcoin ETFs, and board approval for another $30M BTC purchase via USDC!

https://x.com/tier10k/status/1940133141546770454

cluckindan 7/1/2025||
Oh, so that’s why they’re taking it public: they are turning the company into a crypto investment fund which just happens to provide a SaaS design tool.
drexlspivey 7/1/2025||
It’s the other way around, they bought some bitcoin because they are going public for the meme stock value.
boredatoms 7/1/2025|||
Thats pretty weird, you’d think they would offload things like that to not spook investors
diggan 7/2/2025|||
> they would offload things like that to not spook investors

Judging by the amount of fairly traditional companies holding Bitcoins, it would seem like holding Bitcoin is no longer spooky. I guess it makes sense when the financial environment is slowly turning into one without any regulations, Bitcoin will thrive in that sort of market.

nipponese 7/1/2025|||
It says more about Bitcoin than it does Figma.
habosa 7/2/2025||
So much negativity in this thread. I thought we’d be able to celebrate this one. Figma provided an alternative to the evil Adobe empire that was actually better. It’s powered by some amazing tech built originally by one of the founders. It’s still got a generous free plan. I’m happy the employees will get to cash out.
diggan 7/2/2025||
> I thought we’d be able to celebrate this one.

I mean yeah, it's cool and all that the employees and owners get a pay out, but IPOs are generally bad news for users, and I'm sure I'm not the only Figma user here, so makes sense that people are cautious about something that is usually bad news for them.

> Figma provided an alternative to the evil Adobe empire that was actually better

That's the crux, because generally IPOs mean that they'll now slowly turn into whatever it was they were supposed to fix. Maybe Figma will be the 1-in-a-billion products that won't suffer that fate, but it's understandable that people are now starting to casually look for alternatives, given most people's experience with IPOs.

bigyabai 7/2/2025|||
I like Figma. My disappointment is that I know it's a transient tool. I grew up learning Photoshop, a tool which I now never use because it is expensive and neutered. And Sony Vegas, which is also expensive and pointless when free alternatives do the same thing. And now I can add Figma to the list of tools I learned but will likely never touch for even a free project. Which makes me sad! I like it.

This business model isn't sustainable for individuals, so they're going to naturally be upset. If the B2B market is more lucrative for Figma then they have every right to optimize for it, but they're going to pay the cost in user goodwill. Many startups go through this process.

lompad 7/2/2025|||
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biwills 7/2/2025|||
I disagree, many companies are still great even after going public in the last decade:

Shopify, Cloudflare, Zoom, Spotify, Roblox, and Coinbase are all notable examples.

Philpax 7/2/2025|||
"Great" for the majority of these is a stretch. There's no shortage of complaints about how Spotify treats both artists and customers, and Roblox enjoys yearly controversies from how it provides access to and exploits its customer base of children.
_AzMoo 7/2/2025||||
I use Zoom and Spotify and both of those have gone downhill dramatically. Spotify to the extend that I really don't use it anymore.
gherkinnn 7/2/2025||||
Of those I only use Spotify and it pesters me at all hours of the day.
p_v_doom 7/2/2025|||
Bruh, Spotify has been absolutely shit, and their practices and push towards AI and completely unusuable suggestions algorithm are making it more and more shit.
ChadNauseam 7/2/2025|||
I take uber every day and haven't found it to be "enshittified" (outside of some ads appearing in the app now).
sahila 7/2/2025|||
It's not a big deal but the cars allowed on Uber has worsened. I remember trying to sign up as a driver a few years ago with a 2009 Corolla and being denied because the car was too old and now see cars from then allowed today. Maybe that's the cost of scaling but I find it worse. Also no more Uber pool.
arethuza 7/2/2025||||
I like Uber but I was surprised at how bad their mapping is - they get the route to get me home wrong and I've gone through the process of telling them about the mistake in their maps and they just seemed to ignore me.
KolmogorovComp 7/2/2025||||
The enshittification is definitely happening on the driver-side with wordened working conditions and pay.
SturgeonsLaw 7/2/2025|||
It started off enshittified
max_ 7/2/2025||
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pixxel 7/1/2025||
If you’re tired of it all, and the inevitable, and you have agency, try penpot.app
rglover 7/1/2025||
Also Sketch [1]. Everyone abandoned it when Figma became the pOpUlAr tool, but I still use it every day, nearly 15 years later and it's continued to improve.

[1] https://sketch.com

cosmic_cheese 7/1/2025|||
I never switched away from Sketch for personal use. Figma’s collab tools are great, but I find it somewhat clunky for usage beyond prototyping (such as creating image assets).

Figma’s cloud-first nature never also sat well with me… I still have the source PSD files for my earliest works from 25 years ago, which can still be viewed and edited perfectly. Will that be true of my Figma documents in 25 years? It’s not even a question with Sketch.

aegypti 7/2/2025|||
Still the default for most teams at Apple AFAIK
b0a04gl 7/2/2025||
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temptemptemp111 7/2/2025||
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VoodooJuJu 7/2/2025||
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newcommiedeal 7/2/2025||
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once_inc 7/2/2025|
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maelito 7/2/2025|
Yes and I thought "eat your own dog food, good idea" even if Figma is a nightmare for me to use at work.