Tuesday, August 5, 2025

Figma sheds $11 billion in market value days after blockbuster IPO

San Francisco, California-based Figma shares had scored a massive 250% gain during their market debut on Thursday when they were priced at $33 but finished at $115.50, giving the company a market capitalisation of about $56.3 billion.

from Tech-Economic Times https://ift.tt/Mm4A2HG

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Google's Jeff Dean launches AI startup Discovery Loop

Announcing the venture on X, Dean wrote, "We are founding Discovery Loop... a Public Benefit Corporation whose mission is to automate m...