Figma Slides 9% After Anthropic Unveils Claude Design

Overview

• Figma shares fell 8.7% to $17.51 Thursday on thin trading that ran 73% below average volume, extending a drop that has left the stock about 80% below its post‑IPO peak.
• The selloff followed last week’s launch of Claude Design, an Anthropic tool that generates prototypes and simple decks by prompt and is pitched as a rival to Figma, Adobe, and Canva.
• Board turnover added to caution as director Mamoon Hamid opted not to seek re‑election and Anthropic executive Mike Krieger left Figma’s board and compensation committee earlier in April ahead of a May 14 earnings report.
• Figma beat Q4 estimates with revenue of $303.8 million, up 40.1% year over year, and EPS of $0.08, yet it still posts deeply negative net margins and analysts expect a full‑year loss.
• Recent insider sales have drawn scrutiny, including CEO Dylan Field selling 250,000 shares in February and total insider selling of about 1.06 million shares over the past 90 days.