Summary: Investing in Figma directly is not yet possible, as Figma is a privately held company, and its stock is not available to the general investing public. However, you can still gain exposure to social media technologies by investing in similar, publicly traded companies through a reputable brokerage platform like eToro.
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About Figma
Figma is a collaborative design and prototyping web application widely used in the field of user interface (UI) design. It was developed by Figma, Inc. and was first released in 2016. Since then, the platform has gained popularity among designers thanks to its collaborative nature, real-time editing features, and cross-platform compatibility (the app is available on all major operating systems, including Windows, MacOS, Linux, Android, iOS).
Figma IPO
Unfortunately, Figma is not a publicly traded company, so investing in its stock is not yet possible. Moreover, it seems that the management team has no plans for an initial public offering (IPO) in the near future. Therefore, retail investors interested in social media will have to look for some alternative investment options in the same realm.
Some of the more popular publicly traded social media companies include:
- Meta Platforms Inc. (NASDAQ: META);
- Alphabet Inc. (NASDAQ: GOOGL);
- Pinterest (NYSE: PINS).
1. Meta Platforms
Meta Platforms Inc. (formerly Facebook) is a tech powerhouse under the leadership of Mark Zuckerberg. We’re putting Meta first as it owns some of the most popular social media platforms, such as Facebook and Instagram, as well as WhatsApp, one of the most widely used messaging apps in the world.
With its vast user base of almost 4 billion monthly active users across its array of services, Meta still stands as the undisputed champion in the realm of social media and presents a potentially lucrative investment opportunity.
META stock price today
2. Alphabet
Alphabet Inc. is best known as the parent company of Google, the most widely used search engine. It also owns YouTube, the largest video-sharing platform with billions of users producing a wide array of video content. Being the chief stop for most content creators, YouTube wields significant power in the realm of social media and thus establishes Alphabet as one of the most profitable companies in the industry.
GOOG stock price today
3. Pinterest
Pinterest stands as one of the most popular image-sharing and social media platforms, boasting an extensive user base of almost half a billion individuals worldwide on a monthly basis. The platform works as a visual discovery engine that allows users to find new ideas for various interests and projects, including shopping.
PINS stock price today
Note
How to buy social media stocks: Step-by-step
Once you’ve found a good Figma alternative to invest in, you can start placing trades by following these simple steps:
Step 1: Find a broker
To start investing, you will first need to find a reliable stock broker.
Our go-to broker for social media stocks is:
eToro
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Your investment goals are likely to evolve, and you might require a different investing approach, which means you may want to explore alternative brokerages. To find one that aligns with your investment strategies, you can:
- Compare fees: Begin by evaluating commission rates and account maintenance fees to ensure they align with your goals and capabilities;
- Seek user-friendliness: Verify that the trading platform is user-friendly and suits your investment needs;
- Prioritize security: Give preference to platforms with robust cybersecurity measures and licenses issued by respected financial institutions, such as FinCEN;
- Evaluate customer support: Assess the responsiveness and accessibility of the broker’s customer support;
- Check asset availability: Ensure the platform offers access to the specific social media stocks you wish to purchase;
- Explore additional features: Investigate whether the platform provides supplementary tools, chart patterns, and educational resources.
Step 2: Register and fund your account
Once you’ve selected a broker, you can set up your trading account. During the registration process, you’ll need to provide your personal and banking details, link your preferred payment method, and initiate an initial deposit.
The registration procedure specifics may vary depending on your chosen broker, and you may encounter a minimum deposit requirement. For instance, eToro requires a minimum deposit of $10.
Your selected broker will typically offer multiple funding options, including:
- Bank account transfers.
- Wire transfers.
- Third-party payment systems like PayPal.
- Transfers from other accounts.
Note
Step 3: Execute Your Trade
Now that your account is funded, it’s time to place an order for the social network stock you wish to buy. To do so, you can:
- Search for the stock: Locate the stock on the brokerage platform using its ticker symbol (e.g., use PINS for Pinterest).
- Select your order type: When buying stocks, you choose among various order types, e.g., market (buy at the current market price) or limit order (specify the price at which you want to buy);
- Specify the number of shares you want to buy: Decide the number of shares of your selected stock you wish to purchase;
- Review order details and confirm your order: Prior to confirming your order, thoroughly review all the details to ensure accuracy.
Pros and Cons of Investing in Social Network Stocks
Pros
- Social media platforms are popular: Social network companies often boast a global user base, granting exposure to diverse markets;
- Innovation: Social networks continually innovate, adapting to user preferences and staying abreast of technological advancements;
- More diverse revenue sources: Social media platforms are a solid source of income for a lot of companies, for example, thanks to ads.
Cons
- Competition: The sector is fiercely competitive, with new entrants and evolving consumer preferences;
- Volatility: Stock prices of social network companies can be highly volatile, influenced by news, user trends, and overall market sentiment;
- Privacy concerns: A lot of people are concerned with user data logging and similar privacy issues.
How to buy social media stocks safely
Investing always carries a level of risk. However, you can enhance the likelihood of a profitable outcome by acquainting yourself with common investing mistakes and adhering to the following principles:
- Conduct your own in-depth research: Prior to making any investments, engage in comprehensive research into the social media company you want to invest in and its position among the competition;
- Craft a Clear Investment Strategy: Develop a well-defined investment strategy and avoid making rash or ill-informed investment choices;
- Embrace Diversification: Avoid putting all your resources into a single asset by diversifying your investments across various asset classes, for example, commodities;
- Resist Hype and Fads: Ensure that your trading decisions remain unaffected by hype and passing trends that social media is known for;
- Regularly Monitor Your Investments: Keep a close eye on the performance of your investments and make adjustments to your strategy whenever necessary.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Figma stock
How to buy Figma stock?
Figma is not a publicly traded company, so its stock is not available to the general investing public. Instead, you can explore some other social media companies and invest in them on stock trading platforms such as eToro.
What are the risks of investing in social media?
Risks involved with investing in social media include privacy breaches, quickly changing user trends, fierce competition, stock price volatility, etc.
How can I invest in social media stocks?
To invest in social media stocks, open an account with a regulated stock trading platform such as eToro.
What social media companies should I invest in?
The worth of a social media investment depends on your investment goals and the position the company has in the industry. However, some major social media companies like Meta Platforms (formerly Facebook), Alphabet (Google), Snap, and Pinterest are commonly considered solid investments.
Is there a Figma stock IPO planned?
There are no official news about a Figma IPO.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
