Alphabet's Secret Portfolio Takes a Hit as Figma Falls 85%
ByAinvest
Friday, Feb 6, 2026 1:46 am ET1min read
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Alphabet's investment portfolio has seen Figma (FIG) as its worst performer, with shares declining 85% from its post-IPO high. Figma's business faces pressure from Google's Project Genie, which can generate interactive 3D environments from text prompts. Other AI-pressured software stocks have seen similar declines. Alphabet's secret portfolio now values Figma at $11.18 million, down from $11.18 million at the end of Q3.
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