I said Figma is not worth 20 billion as a standalone company. It might be worth 20 billion to Adobe. Adobe can do to Figma what Facebook did to Instagram, Facebook took a relatively small startup Instagram and made it into a global juggernaut worth hundreds of billions in value.
Similar story with ByteDance and Musically, how many of you have used Musically before Bytedance bought it and re-branded it as TikTok.