Cost of Creative Cloud? [Topic fact checked for clarity]
Just so folks are aware, in the May 2024 Adobe financials, the company grossed 5.3 billion USD with a NET profit of $1.57 billion dollars, a 29% margin. Apparently that's not enough profit, so our monthly fees for creative cloud are increasing 100% ! Does anyone else wonder where all that money is going to go?
The CEO receives $44,000,000 per year in cash and equities, maybe that isn't enough, so those of us on
the using end need to double our expenditures to Adobe. And Adobe is buying back shares so the value of those top executives who own the bulk of the shares can increase their net worth. This, however, is just typical of the American Corporate Greed.
