Figma Inc. (FIG) shares closed at $36.76 on November 18, 2025, down 1.66%, marking the fourth consecutive day of losses and a 15.96% drop over the past four trading days, reaching a record low. The decline was attributed to institutional reallocation, notably by the Baron Fifth Avenue Growth Fund, which shifted capital to Figma while exiting other tech holdings, reflecting caution toward high-growth tech stocks in a volatile macroeconomic environment. Additionally, Figma announced a strategic partnership with ServiceNow to integrate its design platform with AI-driven workflow automation, positioning itself as a leader in enterprise AI-powered design. While this partnership offers a meaningful catalyst for future growth, ongoing losses and recent insider selling continue to weigh on investor sentiment.