Why Figma Stock (FIG) Is Plummeting Today, Down More Than 50% Since Its Monster IPO

Figma's public debut reality check arrived quickly after its massive IPO.Shares of Figma (FIG -18.61%) are sinking on Thursday, down 18.3% as of 1:09 p.m. ET. The drop comes as the S&P 500 and the Nasdaq Composite both gained 0.4%.The design software vendor reported earnings for the first time as a public company, delivering numbers that were largely in line but failed to justify the stock's massive post-IPO run-up.Figma stock crashes despite 41% sales growthThe company reported Q2 sales of $249.6 million, ...