Finance & Markets

On Thursday, the valuation of the design tool creator Figma saw a stunning and significant rise of more than 250% to close at over $117 per share. This increase followed the successful fundraising of the company, which was more than $1.2 billion through its IPO (initial public offering), therefore exceeding the Figma’s stock predicted range of $30 to $32 given in SEC documents earlier this week. Dylan Field, the 33-year-old CEO of the firm, has thus achieved the status of a billionaire. Field, a former Thiel Fellow, started working on the project with his Brown University friend Evan Wallace in 2012 to create Figma. In 2015, the firm debuted a closed beta release of its offering. Through its web browsers, Figma intends to offer users a complete set of design tools that are accessible to...

Since late June, Jeff Bezos has deftly sold shares of Amazon stock AMZN -0.30% for a cash out of $5.7 billion. Under a 10b5-1 trading plan, which lets corporate insiders sell stock in accordance with a pre-set timetable, these transactions were carried out. With the final 4.2 million sold for $954 million just days before the company’s second-quarter earnings report on July 31, the sale covered 25 million shares. This timeline corresponds with a 38% rise in the Amazon stocks since its low in April. Investors are worried about whether the company's significant investments in artificial intelligence will eventually boost profits despite this upward trend. At 12% revenue growth and 15% average earnings growth, other leading technology companies lag behind this pace. Amazon has set a...

In pre-market cap trade as of this writing, Microsoft's MSFT +0.13% stock has risen by more than 8.5%, passing the remarkable $4 trillion market capitalization benchmark. With record results for the fourth quarter of fiscal 2025, the technology behemoth unveiled amazing revenues and profits that exceeded analysts’ estimates just yesterday. Microsoft attributed its success to the great demand for artificial intelligence (AI) and cloud services. Whether investors will sustain this upward trend when the markets cap open on July 31 remains unknown; maybe Microsoft will join chipmaker Nvidia NVDA +2. 14% in the exclusive $4 trillion market cap club. With a market capitalization of $3.81 trillion as of Wednesday’s close and the stock up 22.2% year-to-date, MSFT's valuation was registered. The...