[CharlesW]

> Adobe has been unable to find technological innovation organically…

In-house innovation is not the problem¹. What Adobe hasn't been able to replicate with XD or Illustrator is Figma's success with network effects related to collaborative editing and review.

https://research.adobe.com/research/

[aluminussoma]

In house innovation is certainly a problem on the product side. What new Adobe products have come out in the last decade? Every new product or service is from an acquisition.