Why Figma Stock Lost 31% in January
Shares of Figma (Nasdaq: FIG) continued to fall last month even though there was little news out on the design-focused cloud software stock. Instead, Figma, like other software-as-a-service (SaaS) stocks, has fallen sharply amid fears that AI will disrupt software by making it easy to substitute for things like the web design that Figma enables.
Those fears hit a fever pitch toward the end of the month as SaaS leaders like Microsoft, , and SAP all fell sharply after reporting earnings.
According to data from S&P Global Market Intelligence, the stock fell 31% last month. As you can see from the chart below, the stock slide picked up speed as the month went on.
Source Fool.com
ServiceNow Inc. Stock
€90.00
0.550%
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