Why Investors Are Excited About Design Software Maker Figma's Stock
1. Figma's stock tripled on its first trading day, nearing $60 billion market cap. 2. Figma’s revenue surged 46% YoY, with first-quarter net income of $44.9 million. 3. 95% of Fortune 500 companies use Figma; significant AI investments planned. 4. Figma's growth outpaced Adobe, which saw only an 11% YoY increase. 5. High-profile investors, including Ark Invest, are expressing strong confidence in Figma.