Why is Figma stock tumbling today?

Recent market activity shows a significant downward trend for several prominent technology companies. Specifically, Figma stock is tumbling, while Duolingo stock is sliding. Simultaneously, HubSpot stock is plunging, and AppLovin stock is also tumbling. These simultaneous declines across these diverse software and platform entities indicate a broader period of volatility for these specific assets. The reports confirm that all four companies are currently experiencing a decrease in their respective stock valuations within the current trading session.