Figma (FIG) stock fell for eight consecutive sessions. The shares lost approximately 29% of their value during this period. This decline erased about $4.1 billion in market capitalization. Figma’s total market value now stands at roughly $10 billion.
The sell-off persists despite the company reporting a first-quarter revenue beat. Figma also raised its full-year guidance. This increase followed the adoption of new AI tools announced in May. Investors appear to be discounting these fundamental improvements as sentiment shifts.