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Figma Stock More Than Triples on Its First Day of Trading

1. Figma's stock price surged from $33 to over $100 on IPO debut. 2. Market cap reached nearly $50 billion post-IPO. 3. Adobe's acquisition offer of $20 billion fell through due to regulatory issues. 4. Figma reported a 46% rise in revenue year-over-year, totaling $228.2 million. 5. Major tech companies like Amazon and Google use Figma's creative tools.

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FAQ

Why Very Bullish?

Figma's strong IPO performance indicates high investor confidence, similar to past successful tech IPOs like Zoom and Beyond Meat.

How important is it?

Figma's rapid rise and solid revenue growth are significant for investor sentiment in tech stocks.

Why Short Term?

The immediate investor enthusiasm could stabilize or decrease in the long term as competition increases.

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