Changes in US stocks | Figma Inc. (FIG.US) stock price plummeted by more than 17% after the results, the CEO voluntarily gave up $46 million in stock rewards to revive investor confidence

The Zhitong Finance App learned that on Thursday, the stock price of Figma Inc. (FIG.US) plummeted after the results. As of press release, the stock had fallen more than 17% to $23.14. The company's second-quarter revenue was US$370.1 million, up 48% year over year, higher than the scope of the second-quarter guidance previously issued by the company. GAAP net loss per share was $0.21 and non-GAAP net profit per share was $0.08.

Figma Inc's stock price has been falling since it went public last year. The company's CEO Dylan Field voluntarily relinquished the company's stock award of approximately $46 million in a move aimed at reviving investor confidence and addressing concerns raised by artificial intelligence disruptions. Figma said in documents submitted on Wednesday that the abandonment was voluntary and no replacement rewards were issued. Field was originally scheduled to acquire approximately 2.4 million Class B shares on July 1. Class B shares give Field greater control over the company and can be converted into Class A shares traded on the market at any time. Class A shares closed at $19.49 on July 1.