$RDDT might have the strongest earnings and growth profile among companies under $35B market cap.
Larry Ellison recently noted that AI is becoming commoditized, with most models trained on nearly identical datasets. Unique data is now a bottleneck, and Reddit’s 20 years of user conversations offer potential for monetization.
Reddit has deals with $OPENAI.X and $GOOG and is also in a legal battle with $ANTH over unauthorized data scraping. If Reddit wins, Anthropic may start paying for access.
Figma is launching a new feature called “Code to Canvas” in partnership with Anthropic, enabling code generated by AI tools such as Claude Code to be converted into fully editable designs within Figma’s platform.
The feature bridges AI coding tools and Figma’s design workflow, allowing users to transfer AI-built interfaces directly onto the canvas. Design teams can then refine layouts, compare variations, and collaborate more efficiently on final decisions.
The partnership comes as Figma shares have fallen about 85% from their 52-week high of $142.92 reached in August, following the company’s IPO last summer. The stock has been caught in a broader selloff affecting many SaaS companies. Anthropic’s products have been central to what Wall Street traders have dubbed the “SAASpocalypse,” a sharp downturn in SaaS stocks.
Figma is scheduled to report earnings Wednesday after the market close.
$FIG $ANTH
@Cal1f0rn1aBay
$ANTH looks to be trading about $.07
$SOS (Chinese crypto miner)
$CLEU (Chinese edu stock)
$BIO (license agreement recently)
$ BLUE (short interest increase from 22.5M to about 24M and SI% increase from 36.3% to about 38-40%)
$SPY
$ANTH Anthera Pharmaceuticals currently holds about 8.09 M in cash with (31.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
