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Data & Info Services Hammered. What happened?
Anthropic Happened!
These two articles above are a taste of the headlines. The legal plug-in is the big news. Then everyone said SaaS is dead. I think $RELX ( ▲ 1.04% ) & $TRI ( ▼ 5.89% ) definitely should be scared. There are dozens of legaltech platforms that probably have to answer investor questions now. Software is under fire, but I think many will invest in AI, acquire themselves AI companies, and ultimately we will have survivors.
The information services companies like $FDS ( ▼ 7.21% ) $GLDAF ( ▲ 4.69% ) $SPGI ( ▼ 2.96% ) $MSCI ( ▼ 0.9% ) got kicked in the teeth as well. I think many were just hit with the overall market. Are companies coming for them? Definitely! Social Leverage is excited to be an investor in companies building data companies like Fiscal.ai that will or do compete. Ultimately, data is the rich asset right now, and though some have moats, that isn’t true for everyone. And good data companies know that historical data, point in time, is impossible to replicate, so they have a moat…….for now.
The markets are getting crushed, and 2026 is shaping up to be interesting, especially as everyone waits for big IPOs.
