Adobe’s stock price bounced on day of Kate Middleton’s photo statement

Adobe’s stock price bounced on day of Kate Middleton’s photo statement

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:

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”:

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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