Why Figma Stock Lost 28% Last Month
Figma (NYSE: FIG) is riding a roller coaster in 2026. After a 30.6% price drop in January and a 13.4% gain in February, the digital design and collaboration expert posted a 28.1% drawdown in March, according to data from S&P Global Market Intelligence.
There wasn't a big, splashy bombshell event to explain Figma's weakness last month. Instead, it looks like a combination of seemingly modest factors. It's risky to own a richly valued software stock in times of unpredictable economic signals, broad investor skepticism of traditional and cloud-based software businesses, and the rise of direct competition from artificial intelligence (AI) tools.
Figma didn't have a disaster in March. No earnings miss, no executive departure, no product recall. The stock just leaked lower, day after day, like a slow tire puncture on a long road trip.
Source Fool.com
