Figma’s IPO Euphoria Fades as Stock Falls 19% 📉
Figma reported Q1 revenue of $249.6M (+41% YoY), slightly beating Wall Street estimates. Yet, the stock plunged 19% in one day, wiping out $6B in market cap. With valuations at nearly 300x earnings, investors question if growth can justify the premium.
Read the full article here:https://www.techi.com/figma-stock-declines-after-ipo/