$Figma(FIG.US) I've never seen a stock that has been steadily declining since its IPO. Can someone who got in early explain why it's so bad? And why did everyone buy it? I'll go first. I bought it when it pulled back on low volume after a three-day surge to 10.9, thinking it was once a meme stock like crwv. I took a 15% position at around 68, expecting a rebound after such a low-volume pullback, planning to add more depending on the situation. But on 10.10, the volume surged on a big drop, so I didn't dare to add. I just held on, and after three days of volatility, it followed the market's big drop on 10.16. At the time, my entire portfolio was in the red, so I didn't pay much attention. Now, interest rates have been cut, tariffs have been suspended, yet it's stubbornly falling. What was the IPO price? On my software, the pre-market price on 7/31 was 33—is that the IPO price? Is it gearing up to return to the IPO price and start over?