Adobe nuked its goodwill with creatives over their new TOS, and not Affinity is moving in for the kill. They’re offering a six-month free trial of Affinity for people who are on the fence. And Affinity doesn’t require a subscription. OOF. Inexplicably, Adobe’s stock is skyrocketing because they’re touting themselves as an “AI company.” Hmm…
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Adobe’s shift to a subscription-based model and lack of transparency is causing concern and frustration among creatives, leading to a potential devaluation of their products and a cash out strategy.
00:00 Adobe is transitioning into an AI company and Affinity is offering their suite for free for 6 months, potentially alienating artists.
01:25 Adobe is facing competition from Affinity, which offers a long free trial for their standalone design software, but concerns arise over Cana’s recent acquisition of Affinity.
03:43 Adobe’s critical error may lead creatives to other options, with concerns about Canva buying them and limitations of Creative Cloud, leading to consideration of switching to Affinity and offering a six-month free trial to ease pricing model concerns.
05:38 Adobe’s lack of transparency and mishandling of new terms of service has caused a PR disaster, but it’s not affecting their stock.
06:51 Adobe is losing actual artists who would have been hired to do the job, as people are using AI to generate their own content instead of hiring artists.
07:36 Adobe’s stock is rising as they pivot to AI, but the speaker believes AI is a “Fool’s Gold Rush” and blockchain and crypto are the future.
09:13 Adobe’s stock price is a concern, but Affinity’s one-time purchase model may attract users away from Adobe.
10:29 Adobe receives bad news and the speaker shares a personal anecdote before signing off.
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