Why Figma Stock Fell 28% in November

The broader tech sell-off weighed on the recent IPO.Figma (FIG 1.03%) fell again last month as the high-flying user-interface, user-experience (UI/UX) cloud software company continued to retreat following its blockbuster IPO at the end of July.In November, the stock pulled back even as it delivered solid results as concerns about an AI bubble, competition from Adobe, and its valuation all seemed to weigh on the stock.According to data from S&P Global Market Intelligence, the stock finished the month down 28 ...