Figma, a San Francisco-based design platform, has filed for an IPO under the ticker ‘FIG’ and disclosed $70M in Bitcoin ETF holdings alongside $30M in USDC for future crypto purchases. Founded in 2012, Figma has grown rapidly, securing $749M in revenue by 2024 and raising over $332M in funding. The company’s valuation soared to $10B before a high-profile but ultimately blocked $20B acquisition attempt by Adobe in 2022 due to regulatory concerns. Figma now joins a growing list of corporations holding Bitcoin, with public and private companies collectively owning 5.7% of the circulating supply. The IPO is highly anticipated, marking a new chapter for the design tool favored by major firms like Netflix and Airbnb.
about Figma Files for IPO with $70M in Bitcoin Holdings
HP
Cybercriminals Use Fake Search Ads to Scam Tech Support Seekers
Cybercriminals are exploiting sponsored Google search results to trick users searching for tech support from major companies such as Apple, Bank of America, and PayPal. These fraudulent ads lead to counterfeit websites that display fake contact numbers, often embedded with urgency-inducing language. Once victims call, scammers pose as legitimate support agents to steal personal data, financial details, or even gain remote access to devices. Jérôme Segura of Malwarebytes highlights red flags like encoded characters in URLs and urgent messaging. Users are advised to verify support channels directly through official websites to avoid falling prey to these scams.
about Cybercriminals Use Fake Search Ads to Scam Tech Support SeekersUS Stock Market Reacts to Inflation Data Amid Trade War Concerns
U.S. stocks opened higher as inflation data met expectations, with the S&P 500 up 0.13% and the Dow rising 0.30%. However, all major indexes are on track for monthly losses amid concerns over President Trump’s tariff plans, which could ignite trade wars and inflation. Corporate news includes Autodesk cutting 9% of its workforce, HP planning layoffs due to weak results, and Elastic reporting better-than-expected earnings. Meanwhile, Bitcoin fell to a three-month low, reflecting ongoing struggles in the crypto market.
about US Stock Market Reacts to Inflation Data Amid Trade War Concerns