' Hey, Linas here! Every day, I break down 3 stories shaping the future of FinTech & Artificial Intelligence - plus the money movements and trends worth tracking. First time here' 370k+ FinTech and AI leaders get this daily. Join them: Three days before Anthropic shipped Claude Design, Mike Krieger resigned from Figma's board. The SEC filing was boilerplate: no disagreement, cordial departure. Figma's FIG 0.00%' stock even went up 5%. When Claude Design went live on April 17, Figma fell roughly 7%, and Adobe ADBE 0.00%' fell in sympathy. Figma at its post-IPO peak was worth more than $60 billion. Today, it's worth less than $10 billion. Brutal. On top of that, the iShares software ETF IGV is now down 18% year-to-date on a trade traders now call the SaaSpocalypse. In simple terms, the market is now publicly repricing the value of sitting between an AI lab and shipped code. Because for the first time in 15 years, a founder with no design background can produce a brand system, a pitch...
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