On Monday, Figma's share price plummeted by a steep 23%, settling at $94.50. Prior to this drop, the company and its major shareholders had sold shares at $33 each, generating approximately $412 million in proceeds for Figma. Despite the stock tripling in value on its first trading day, this subsequent decline suggests a complex market response. Nonetheless, Figma anticipates a roughly 40% year-over-year increase in revenue for the second quarter and remains profitable. The company's current valuation stands at approximately $56 billion, significantly surpassing Adobe's acquisition offer made in 2022. However, due to regulatory challenges, the proposed merger between Figma and Adobe was terminated at the end of 2023. Even amidst the share price decline, Figma CEO Dylan Field's stock holdings remain valued at over $5 billion.