Adobe stock price bounced on the day of princess’ statement | indy100

Related video: Kate Middleton photo scandal: Fallout from British royal family altered photo

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As the social media discourse over the Princess of Wales’ edited Mother’s Day photo continues, over on the stock exchange it appears Photoshop’s parent company Adobe – coincidentally – witnessed a boost in its stock price at the end of Monday’s trading.

Amid ongoing conspiracy theories over her health following “planned abdominal surgery” back in January, Kate issued a photo of her and her children on Sunday, only for multiple news agencies to pull the snap when people pointed out multiple errors contained in the image – from Kate missing her wedding ring to areas Charlotte and Louis’s clothes not matching up.

On Monday morning, Kensington Palace issued a statement from the princess which said: “Like many amateur photographers, I do occasionally experiment with editing.

“I wanted to express my apologies for any confusion the family photograph we shared yesterday caused. I hope everyone celebrating had a very happy Mother’s Day.”

The royal’s comments soon sparked jokes online, with social media users imagining the possibility of Kate having an Adobe subscription:

are we seriously supposed to believe that kate middleton has Adobe Creative Cloud subscription
— (@)

I love that the palace lied about the pic and people are like \u201csee!\u201d But are still publishing the obvious lie that Kate Middleton has an Adobe membership and was just in there fucking around with the healing brush and they just published it.
— (@)

i like the idea that kate middleton got a royal discount on adobe creative cloud and started poking around in photoshop
— (@)

The Nasdaq stock exchange listed Adobe’s (ADBE) closing price on Friday as $551.69, opening at $552.45 on Monday before closing at $560.42 later that day.

It’s unclear whether the fallout over Kate’s photoshopped image played any part in the stock price’s fluctuation, though it’s most likely a funny coincidence.

Indeed, business writer Trung Phan joked on Monday that the princess having a Creative Cloud subscription “added $3 billion to the company’s market cap”:

The revelation that Kate Middleton has a subscription to Adobe\u2019s Creative Cloud added $3B to the company\u2019s market cap.\n\nIncredible.
— (@)

Financial outlets report Adobe is set to share its earnings for the first quarter of 2024 on Thursday, which might explain why there’s some trepidation on the stock market.

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