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Figma Issues Cease-and-Desist Amid IPO Plans

4/16/2025

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Story summary
  • Figma has taken a bold stand against Swedish startup Lovable, issuing a cease-and-desist for using "Dev Mode," a trademarked term since 2023. While Lovable offers a unique code-editing feature, Figma is gearing up for an IPO, having filed confidential paperwork that showcases its ambitious growth trajectory.