NYSE:FIGSoftware
Figma (FIG) Stock Price Drops As Revenue Strength Meets Profit Reversal
Figma stock just gave investors a hard reset, sliding about 15% today after a strong recent run. The immediate reaction is all about that price drop. The real story sits in the numbers. Q2 revenue reached about US$370m and net dollar retention of 136% underlines how existing customers keep spending more.
Short term traders are fixated on the red screen. Long term holders will likely focus on a design and AI platform that just reported its third consecutive quarter of faster growth and now...