I invited Jonathan Rose to explain his thoughts, using the collapse of Figma stock after its IPO as the blueprint.

Few themes are generating more excitement than the next wave of AI IPOs. That’s exactly why, over the past few days, I’ve been sharing essays from my InvestorPlace colleague…

In today’s Friday Digest takeover, Jonathan breaks down what happened after the highly anticipated Figma IPO – a stock that soared out of the gate before collapsing more than 80%…

Will it show insatiable retail demand...or mark an AI bubble top?