Figma is trading at $22.05, down 4.08%, amid broader technology-sector weakness.
- The Nasdaq Composite is down 0.65%, alongside concerns about AI-related debt and inflation.
- Figma’s October 15 India expansion and AI announcements were positive company news, but do not establish the cause of the October 16 drop. Available evidence does not identify a new company-specific catalyst directly explaining the decline.