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Benzinga
Benzinga
Business

Why Is Figma Stock Plunging Thursday?

FIG Figma Figma Inc
Figma Inc.

Figma Inc. (NYSE:FIG) shares plunged nearly 19% Thursday following the release of its second-quarter results after Wednesday's market close.

The company posted revenue of $249.64 million, significantly surpassing the consensus estimate of $228.2 million. This represents a 41% year-over-year increase from $177.20 million in the same quarter last year.

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