Worse case scenario, should the share price go even lower, and more board members leave their leadership positions, expect a bigger company (maybe Anthropic) or private equity make an attempt to buy the company in whole or part to get their hands on the distribution network.
I agree the distribution moat is real, but I still think Adobe’s weakest customer relationship is pricing.
The product is embedded, but it is also expensive. That is where AI-native tools can create pressure: not by replacing every workflow overnight, but by making customers question how much of the Adobe bundle they actually need.
Worse case scenario, should the share price go even lower, and more board members leave their leadership positions, expect a bigger company (maybe Anthropic) or private equity make an attempt to buy the company in whole or part to get their hands on the distribution network.
Haven’t even thought of that, but doesn’t seem unreasonable at today’s market cap
I agree the distribution moat is real, but I still think Adobe’s weakest customer relationship is pricing.
The product is embedded, but it is also expensive. That is where AI-native tools can create pressure: not by replacing every workflow overnight, but by making customers question how much of the Adobe bundle they actually need.