With competition in AI coding and risk of investor disappointment, is Figma's 46% first quarter revenue growth enough to justify the company's $68 billion valuation?

Figma (FIG) stock seesawed on Friday, up as much as 7% before giving up gains and flipping into negative territory in the first 20 minutes of trading. Friday's moves come after shares in Figma rocketed upward by 250% in Thursday's blockbuster public market debut.

Figma Inc.’s 250% surge in its debut session is the kind of coming-out party every startup dreams of when it goes public.