Figma Inc. (FIG) shares fell 15.96% over the past four trading days, reaching a record low, with an intraday decline of 5.11% on November 18, 2025. This marks the fourth consecutive day of losses, reflecting a broader shift in institutional investment strategies and heightened caution in the tech sector. The selloff follows a notable portfolio reallocation by the Baron Fifth Avenue Growth Fund, which added Figma while exiting other tech names, signaling a preference for predictable-growth assets. However, persistent macroeconomic risks and waning confidence in high-growth tech have weighed on FIG’s stock despite its strong recurring revenue model and market position.