Figma's Revenue Surge Fails to Boost Stock Amid Share Unlock Concerns
Figma's shares dropped over 10% after-hours following a Q2 earnings report that missed profit expectations but showed record revenue and strong user growth. The company announced an upcoming early lock-up release of employee shares, which may increase selling pressure. Despite raising full-year revenue guidance and positive financials, investor sentiment remains cautious due to potential share overhang from lock-up expirations.