Jim Cramer on Figma’s Valuation: “That is Just Plain Nuts”

Figma, Inc. (NYSE:FIG) is one of the stocks Jim Cramer recently shared his thoughts on. Cramer discussed its valuation during the episode, as he said: “When we get parabolic moves in newly minted stocks like Figma, which launched at 33, quickly went to an intraday high of 142, I was sick to my stomach. It’s why I went back to my old days of shtick and crushed a box of Fig Newtons. We know that the people paying $142 for Figma had no idea what they were buying, a web-based collaborative design platform, be ...