Shutterstock falls 13% following Adobe's entrance into the stock photo industry

A day after Adobe announced its $800 million deal to buy stock photo company Fotolia, Shutterstock, a leader in the industry, is feeling the heat. Now, nobody’s face is melting off, but investors are clearly concerned about the deal. Adobe announced its plans to buy Fotolia after reporting strong fourth-quarter results and steady subscriber growth. Adobe added 644,000 new paying Creative Cloud subscribers last […]