Lina Khan, former FTC chair, hailed Figma's successful IPO as a victory for her approach to regulating Big Tech mergers. Khan's tenure saw increased scrutiny of acquisitions, including Adobe's failed $20 billion bid for Figma. She argued that allowing startups to grow independently creates more value than acquisitions by tech giants. While some attribute Figma's success to its own merits, Khan views the IPO as validating her regulatory stance, boosting innovation and benefiting employees, investors, and the public.

Prepared by Christopher Adams and reviewed by editorial team.