Figma: Post Earnings Collapse; Thesis Playing Out

Figma ( FIG ) was considered one of the most successful IPOs just a few weeks ago. After initially pricing at $25-28, the stock ultimately opened at $85 and closed the first day of trading at $115.50. After aAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from S ...