Figma stock wobble

Figma shares fell about 6% on Tuesday, April 14, after a report said Anthropic is preparing an artificial intelligence design tool for websites and presentations. (finance.yahoo.com) Adobe fell 2.7%, Wix dropped 4.7%, and GoDaddy slipped 3% on the same report, which said Anthropic could release the product as soon as this week. The Information, as cited by Yahoo Finance, said the tool is meant for technical and non-technical users working from natural-language prompts. (finance.yahoo.com) Figma’s stock was trading at $18.97 late Tuesday morning, up from an $18.16 previous close after touching an intraday low of $17.75. Yahoo Finance showed the shares down 70.49% year to date and 49.24% over 12 months. (finance.yahoo.com) The selloff hit a company that already markets itself as an “AI-powered platform” for design and product development. Figma’s investor page says its products now span design, prototyping, presentations, website publishing, and developer handoff. (investor.figma.com) Yahoo Finance’s company profile lists Figma Make as an artificial intelligence tool for functional prototypes and Figma Weave for artificial intelligence-powered media generation and editing. That means investors were reacting to a new rival in software Figma is already trying to build into. (finance.yahoo.com) The overlap is sharper because Figma and Anthropic were also working together as recently as February 17, when GuruFocus reported a “Claude Code to Figma” integration that turned code into editable frames on Figma’s canvas. The same report said Figma had about $968.96 million in revenue and roughly $11.05 billion in market capitalization at the time. (gurufocus.com) Wall Street was already cautious before Tuesday’s drop. Investing.com, via Yahoo Finance distribution, reported on April 13 that B T I G started coverage on both Adobe and Figma with neutral ratings and said artificial intelligence-driven growth and monetization were still hard to judge. (finance.yahoo.com) Figma has been public for less than a year. CNBC reported that it began trading on the New York Stock Exchange on July 31, 2025, under the ticker FIG, with a first trade at $85 and a closing price of $115.50 after its initial public offering was priced at $33 a share. (cnbc.com) The company returned to public markets after Adobe’s takeover attempt collapsed. Adobe said on December 18, 2023, that the two companies had mutually agreed to terminate their proposed merger, first announced on September 15, 2022, after regulators challenged the deal. (news.adobe.com) Anthropic had not posted a design-tool announcement on its newsroom page as of April 14, even as investors traded on reports that one was close. For Figma, the market move showed how quickly a new artificial intelligence product rumor can reset expectations for a newly public software company. (anthropic.com)