Adobe: US consumers spent $11.3B on Cyber Monday, up 5.8% YoY, above Thanksgiving’s $5.29B and Black Friday’s $9.12B, driven in part by deeper discounts (Ingrid Lunden/TechCrunch)

Spencer Soper / Bloomberg:
Insider Intelligence projects US online sales to rise just 9.4% to $1T in 2022, the first single-digit YoY growth, including slower Amazon sales, up 9% to $400B  —  Amazon.com Inc. sellers are bracing for a bleak holiday shopping season as inflation-bitten consumers curb their spending.

Brody Ford / Bloomberg:
Adobe’s Scott Belsky says the company plans to integrate Figma without changing its pricing or UI, add support for other Adobe tools, and more  —  Adobe Inc. plans to add technology from its creative software portfolio to Figma without tweaking pricing or simplicity after its acquisition …

Jordan Novet / CNBC:
Adobe reports Q4 revenue up 10% YoY to $4.53B, Digital Media revenue up 10% YoY to $3.3B, and Digital Experience revenue up 14% YoY to $1.15B; stock is up 5%+  —  – Adobe maintained its forecast for the new fiscal year.  — The company’s earnings for the fiscal fourth quarter was strong …

Hunter Walk:
Adobe’s $20B Figma deal is worth it because Figma’s $400M ARR, independent of margin, was continuing to double and creating pricing pressure on Adobe  —  Hint: The Answer Doesn’t Involve a Spreadsheet  —  I’m not an investor in Figma.  I don’t know Figma CEO Dylan Field.  And I’m not a designer.

John Walker / Kotaku:
Adobe apps will no longer support Pantone-owned colors for free due to a licensing change; users would need an Adobe plug-in costing $15/month to access colors  —  Due to a change in how Adobe licenses Pantone colors, old PSD files could start being filled in black

Ina Fried / Axios:
Adobe argues Figma will help it rethink design tools for the cloud era; Adobe’s competing product, XD, generated just $15M in annual revenue after seven years  —  Adobe executives think there’s a lot that critics of its $20 billion purchase of Figma are missing.