Figma has dropped almost 90 percent in the past year from its failure to innovate and compete with top AI companies such as Google and Anthropic and in a couple months they will fall again when OpenAI releases their own AI design tool. Every time an AI company drops a new tool the company falls 6 percent in just one day. It is pretty obvious that they have massive competition and are being out competed by AI meanwhile they don’t make money and most of the money they do make goes to the CEOs yacht fund and the employees second vacation home fund through absurd SBCs. This company will never make money and will continue to act only to make the employees rich while draining investors pockets.
Pretty soon we will also see this affect their revenue as many people will start to utilize Google, Anthropic and OpenAI’s own Figma competing AI design tools. If you think SAAS is cooked from AI Figma is absolutely obliterated considering the top AI companies have made better competitors in less than a couple months.
TLDR: OpenAI will release a AI design tool competing with Figma and Figma will drop another 20-30 percent.
Posted by goxpro1
11 Comments
So Figma calls it is! Thanks Reddit.
Claude design dropped yesterday. It’s good.
Who ever creates a better version of Adobe reader for pdf’s will be rich
Agreed. I use figma a ton for my work. So I know that software inside and out. Well I used to use it a lot. There’s other tools as part of my workflow now. They will be a single digit stock soon. Good luck to the bag holders. People that probably don’t even know what the tool does.
I agree with this. The career of a designer is changing and if Figma doesn’t radically change their software, they won’t last. Same goes for Adobe.
Much prefer Ligma
Thank goodness Adobe wasn’t allowed to purchase figma /s
Imagine owning a company that has a new competitor every month 😂
General reddit knows shit about tech.
Calls it is.
This was a terrible investment from the beginning. Just another chance for “founders” and insiders to get rich at the expense of bagholding retail investors.
I mean if a graphics behemoth like adobe who has been beating top and bottom line consistently yet being sold off due to ai fears, i am not sure how figma is going to prove itself here