Figma Employees Watch 80% Of Wealth Vanish Behind 180-Day Lock-Up
Figma's 180-day IPO lock-up period has ended, resulting in an 80% drop in share value from its peak of $143 to $22.51. This decline has left many employees, who waited years for the IPO, facing significant losses. Analysts have downgraded the stock amid market volatility and concerns over competition from AI-driven companies like Adobe and Microsoft. Despite reporting 38% revenue growth, the outlook remains bleak, with expectations of increased insider selling further impacting the stock's performance.
benzinga_article·