Reported 1 day ago
Jim Cramer expressed strong disapproval of Figma's stock valuation during a recent episode, describing the rapid price increase from $33 to an intraday high of $142 as 'nuts.' Cramer criticized investors who paid such inflated prices for a web-based design platform, noting that even after a drop to around $54, its price-to-earnings multiple remains excessively high at 178.
Source: YAHOO