💔 Adobe-Figma $20B Deal Is Over

Plus: 🚗 EV Founder Going to Jail, 🚢 Red Sea Shipping Attacks

Adobe has ended its plan to acquire Figma in light of intensifying regulatory headwinds in Europe. The tech giant will be on the hook for a $1 billion termination fee. Read more.

The founder of Tesla rival Nikola has been sentenced to prison time for misleading investors. He was accused of lying about having developed a self-driving semi truck — even though he had no such thing. Read more.

Global shipping giants are rerouting vessels away from the Red Sea as conflicts related to the Hamas-Israel war spread. Roughly 12% of global trade depends on the Suez Canal, which connects the Red and Mediterranean seas and serves as a shortcut for goods to move between Asia and Europe. Read more.

⚡ 3 Cool Tools


AI-powered platform to design a logo for your brand that truly represents you.

Go to site →


World's first open source AI scheduling assistant.

Go to site →

Akool Face Swap

Swap faces in photos and videos, at studio quality.

Go to site →

🧠 What did you think of today's email?

Your feedback helps me create better emails for you! Please reply to this email and let me know what you think.

Thanks for reading.

Until next time!

— Tay

p.s. if you want to sign up for the Rapid Rundown newsletter or share it with a friend or colleague, you can find us here.