Now, Figma – that’s a company name that sounds like a particularly prickly sort of cactus – saw its shares doing a little jig today, popping up by a good ten percent or so. It wasn’t just good news, mind you; it was more a case of everyone else’s gloomy faces lifting a smidge, and a rather large lady named Cathie Wood deciding to stuff her pockets with Figma shares yesterday. A proper hoard, it was – $11.7 million worth!
By lunchtime, the shares were up 9.2%. Not bad for a company that yesterday was feeling rather glum.
A Wobbly Start
Yesterday, poor Figma had a bit of a tumble. Seems a fellow named Citrini – a name that sounds suspiciously like a citrus fruit with a bad attitude – scribbled a rather dreadful blog post. He painted a picture of robots and computers taking over the world, and software companies being squashed like particularly juicy beetles. Naturally, everyone panicked.
But today, investors decided to ignore the doom-monger. The iShares Expanded Tech-Software ETF – a mouthful, isn’t it? – bounced up 1.6%, dragging Figma along with it. It’s a bit like a grumpy giant being cheered up by a small, determined puppy.
And then there was Ms. Wood. She and her funds decided to add a hefty pile of Figma shares to their collection. Now, Ms. Wood isn’t quite the magical money-maker she used to be – her sparkle has dimmed a bit – but people still pay attention when she starts buying. It’s like a very large dog sniffing out a particularly tasty bone.
Will Figma Keep Climbing?
Figma had a rather good end to last year, a proper showing of strength. But yesterday’s scare wiped out most of the gains. It’s a bit like building a magnificent sandcastle only for a rogue wave to come along and flatten it.
They managed to increase their earnings by 40% – a whopping $303.8 million! – and their customers are spending more and more money. It’s as if they’ve discovered a magical potion that makes people want to buy more and more design software.
Some worry that robots will take over the design world, but so far, there’s no evidence of that. If Figma can keep up this momentum, it might just be a good investment. It’s a bit like betting on a slightly eccentric but undeniably talented inventor.
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2026-02-24 21:42