Larry and possibly others are upside down. In the bottom most photo it's easy to see. The large scar is from the leaf. The smaller, more pronounced scar is from a former fig. And the little spot next to the scar is where the bud will come in.
It is not too late to flip it. Yes, some roots will be snapped off, but new ones will probably grow. In fact, most of the roots you see now are already starting to self prune (that's why they're turning brown). They will all most likely eventually shrivel and drop off. Probably better to go ahead and flip it now and look to the future.
If you don't flip it, then anything that's above ground now is pretty useless, as it can't grow roots or shoots. Shoots have to be above the roots (or, since this one is currently upside down, below the roots) in order for the vascular system to properly service them. That will mean a u-turn for the shoot, which is possible, but problematic.
I personally have not had great luck with cutting cuttings after they've started rooting, so I wouldn't recommend snipping off at the current soil line and planting the remainder right side up. But that's better than leaving as is.
Or, if you're not sure which end is up, like another member said, another option is to place the entire cutting under soil horizontally.
Good luck!