Figma's stock slumps almost 20% after first earnings report to lowest since IPO
Figma shares plummeted nearly 20% on Thursday, falling to the lowest price since the design software vendor's initial public offering in July after the company reported earnings for the first time as a public company. Results for the second quarter were largely in line with expectations, as Figma had issued preliminary results a little over a month ago. Revenue increased 41% from a year earlier to $249.6 million, slightly topping analysts' estimates of $248.8 million, according to LSEG. Analys