Figma Files — And the Numbers Are Sleek

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The week’s ending — let’s take a look at the sharpest stories shaking up business, tech, and global headlines:

• Retail Investors Are Tesla’s Secret Weapon: While Wall Street analysts debate delivery drops and price wars, small investors are standing firm. Tesla has the highest share of retail shareholders among the Magnificent 7 — and their unwavering loyalty has helped cushion the stock through rough patches and reinforce Elon Musk’s cult-like brand power.

• UK Heatwave Sparks a Different Kind of Search Trend: As Britain sweltered through one of its hottest Junes in history, Google searches for electric fans skyrocketed — overtaking “OnlyFans” twice in a week. With barely 5% of UK homes equipped with air conditioning, the heatwave triggered a rare scramble for cooling comfort in a country famous for drizzle, not drought.

• Nike Gets a Trade Boost — But There’s a Catch: Markets cheered after Trump announced a new trade agreement with Vietnam, a key manufacturing hub for Nike and Lululemon. But investor excitement cooled when the fine print revealed steep tariffs on Vietnamese imports — limiting the upside for brands that depend on the region for their supply chains.

• Figma’s IPO Filing Lays Out a Designer’s Dream Business: Figma finally opened its books — and the numbers show why Adobe once offered $20B to acquire it. The company posted 46% YoY growth, strong profits, and a crypto-heavy balance sheet. With Adobe blocked from buying it and Canva circling for its own IPO, the battle for design dominance is heading to Wall Street.

• Goldman Sachs Pulls the Plug on Its Greek Resort Play: Goldman quietly exited its investment in three Greek resorts after renovation costs soared and profit potential fell flat. Despite record tourism numbers and a booming Greek travel industry, the bank barely broke even — a reminder that even hot markets don’t always guarantee hot returns.

Tesla’s True Power? Its Retail Faithful

Through all the drama — production cuts, price wars, and sliding deliveries — Tesla’s $TSLA ( ▼ 0.1% )  loyal retail investors aren’t going anywhere. 🙌 🙌 🫂 According to The Wall Street Journal, the EV giant has the highest share of small individual investors among the so-called Magnificent 7 stocks, even more than tech titans like Apple $AAPL ( ▲ 0.52% ) or Nvidia $NVDA ( ▲ 1.33% ) .

Despite delivering fewer vehicles than last year, Tesla bulls keep finding silver linings. And that loyalty matters: small investors have helped stabilize the stock through its many ups and downs.

Whether it's faith in Elon, belief in the EV revolution, or just good old diamond hands, retail shareholders remain one of Tesla’s most powerful forces.

☀️ Brits Want Only Fans This Summer

You know it’s hot in the UK when people start googling “fan” more than “OnlyFans.”

As the country sweats through its second-warmest June since 1884, 🥵 Brits are ditching cheeky content for cool air. Google $GOOG ( ▲ 0.44% ) searches for “fan” blew past “OnlyFans” on June 21 and again on June 30, when London temps topped 32°C (90°F).

Even “air con” — practically a myth in UK homes (only ~5% have it, per CNN) — saw a search spike, as locals scrambled for relief in a country known more for rain than cooling systems.

Trade Pact Boosts Nike — Then Reality Hits

Nike $NKE ( 0.0% ) got a jolt on Wednesday after Trump announced a new trade agreement with Vietnam — a key hub for its manufacturing. Shares jumped as much as 4% before wobbling when he revealed the fine print: a 20% tariff on Vietnamese goods, 40% on transshipped items, and zero tariffs on U.S. products heading to Vietnam.

The timing was critical — the deal dropped just days before a proposed 46% tariff on Vietnamese imports was due. That’s a big deal for Nike, which sourced half its footwear and over a quarter of its apparel from Vietnam last year.

After an early spike, Nike shares briefly lost steam, only to rally again — finishing up 2.5% by late morning. Lululemon, also Vietnam-dependent, saw a similar rollercoaster. 🎢

Adobe Wanted It. Now Wall Street Gets a Shot

Figma just peeled back the curtain on its finances — and it’s a designer’s dream. 🧑‍🎨🤩

The collaborative design tool just filed for its long-awaited IPO, revealing revenue of $228 million last quarter, growing 46% year on year. With 17%+ operating profit margins and sky-high customer retention — including 95% of the Fortune 500 — Figma’s numbers show why Adobe once tried to buy it for $20 billion.

CEO Dylan Field, who famously called chocolate “repulsive” in his Thiel Fellowship essay, still controls about 75% of voting power and has built a company that’s defied expectations: a web-native, enterprise-grade design platform with traction from startups to megacorps.

Beyond impressive growth, Figma’s balance sheet includes $70M in bitcoin ETFs and $30M in stablecoins, showcasing an unorthodox (and slightly risky) crypto strategy that excited traders — until it didn’t.

After a $1B breakup fee from Adobe’s $ADBE ( ▲ 0.22% )  failed acquisition (thanks, regulators), Figma’s looking to make its Wall Street debut count. And with Canva reportedly eyeing its own IPO, the design wars are just beginning.

Goldman Just Ghosted the Greek Hotel Dream

Apparently, sun, sea, and souvlaki weren’t enough to keep Goldman Sachs $GS ( ▲ 1.09% ) invested in Greece. 🌞🇬🇷

Just three years after snapping up a trio of resorts in Halkidiki, the Wall Street giant has quietly exited its Greek hotel venture, per WSJ. The original plan? Renovate and flip the properties for a sweet profit as tourism boomed. The reality? Renovation costs spiraled, timelines dragged, and the ROI just wasn’t golden enough. 🚨🙂‍↔️

So Goldman cashed out this spring — barely breaking even on its €100 million (~$117M) bet.

Meanwhile, Greek tourism is doing anything but cooling off. The country welcomed a record 40.7 million visitors in 2024, pumping over €21.6 billion into the economy. That’s nearly 3x the tourist traffic from 2006.

It’s safe to say Greece is still hot. Just not for Goldman Sachs.

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