Figma, Inc. (NYSE:FIG) was among the stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Noting that the stock has been declining recently, a caller asked for the reason behind the decline. Cramer replied:
Well, okay, it’s going down and down because a lot of people feel you can do the same thing that Figma does with Google, I’m not kidding with Google, and that’s what’s causing it to go down and I don’t know how to stop that because some stocks that compete with Google just, well, that’s the wrong place to be.
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Figma, Inc. (NYSE:FIG) provides a cloud-based design platform that enables teams to collaborate on interface design, prototyping, and product development. It offers tools for design systems, whiteboarding, presentations, illustration, brand assets, websites, and AI-driven prototyping.
A caller asked about the stock during the January 27 episode and noted it was down. Cramer responded:
Yeah, yeah. They bagged people on that one, man. People actually, no, I shouldn’t say that. People got too excited about it. Figma’s very good design software, but you know what? You got Adobe out there just flailing, and I don’t want to touch design software. I really don’t. I think it’s just too hard.
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