Stock is up 227% on base price. Figma wasn’t reliably profitable until very recently. Generated real cash in 2022, posted an inflated paper profit in 2023, took

Stock is up 227% on base price. Figma wasn’t reliably profitable until very recently. Generated real cash in 2022, posted an inflated paper profit in 2023, took a one-time GAAP loss in 2024. We are in a bubble.