Google's potential acquisition of HubSpot is a strategically questionable move that will likely face significant regulatory hurdles.

“I think it's a bit of an odd acquisition and the reason is that it's become pretty clear for all of big Tech that any acquisition that they do is going to be highly scrutinized and so just from an EV expected value perspective if you're going to try to acquire something and spend the next year beati”

Acquiring HubSpot makes strategic sense for Google because it provides tools that integrate with Google's advertising platform to improve conversion efficiency.

“this is a very natural fit into Google's advertising business and taking all of the leads from advertising and better converting them and giving your sales team the tools they need to convert those leads into customers”

The purchase of Figma by Adobe is not a bad deal because it eliminates the biggest existential threat to Adobe's business.

“they effectively paid roughly 12 dilution of their company to do this deal so they're saying let's take 12 percent of our company and effectively de-risk the biggest risk to our business take out the biggest threat to our business for 12 percent of our company”