“Why Software & Money Stocks Dumped”
Figma's financials show shrinking margins and a large operating loss due to increased spending; the speaker views the company as failing and advises against owning its stock.
If you look at the latest Cloud design software, knowing that they partnered with Figma, I think that was a mistake on Figma's part. Why would you want to deal with a company like Figma anymore?
We looked at Figma's profits and said, brother, those margins are shrinking. These people increased their revenue. Their revenues increased by 48%. Their total profit increased by 39%.
So there was a bit of shrinkage in the margins here. It's not that bad. Their overall profit margins are still at 83.7%, which is great.