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Figma Stock (FIG) Plummets 53% as Valuation Concerns Eclipse IPO Hype
Figma Stock (FIG) Plummets 53% as Valuation Concerns Eclipse IPO Hype
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BTCCSquare news:
Figma Inc.'s high-flying IPO debut has collided with market reality. After launching at $33 and briefly touching $115.50 in July, shares have cratered 53% to $54 amid disappointing earnings. The design software firm posted $250 million revenue with 90% gross margins—stellar metrics by most measures—yet failed to satisfy Wall Street's inflated expectations.
The 20% post-earnings plunge reflects growing skepticism about tech valuations. Despite 41% annual revenue growth, analysts see limited upside given current pricing. "The story remains compelling, but there's no margin for error at these levels," notes one institutional trader. The stock's sideways drift suggests investors await clearer signals before re-engaging.
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