Reddit (RDDT) is a "relative bright spot" across the equity markets Friday, says Sam Vadas. The social media company rallied on a better than expected 2Q earnings report and strong guidance. Meanwhile, Coinbase (COIN) shares have collapsed after revealing a decline in revenue and trading volume in its latest figures. Different picture for Strategy (MSTR) as the crypto-company shared a big profit on its massive Bitcoin (/BTC) holdings. Finally, Sam recaps the IPO rally from Figma (FIG).