Figma IPO surged 227% to $44B - but Jim Cramer says avoid this trap
Key Points
- Figma's IPO skyrocketed its valuation to $44 billion, a stag...
Figma just went public and promptly shot up 227% like a rocket fueled by designer dreams and investor FOMO. The collaborative design software company now sits pretty at a $44 billion valuation, which sounds impressive until you realize that's 53.5 times their annual revenue of $821 million. To put this in perspective, that's like paying $535 for a $10 pizza because the toppings are arranged really, really well.
When Math Meets Reality (Spoiler: It's Not Pretty)
Jim Cramer, the financial world's equivalent of that friend who always tells you uncomfortable truths, immediately threw cold wa...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.