Friendable, Inc. (OTC Pink: FDBL) is the mobile-social network focused on the future, rather than sharing the past. The Friendable brand represents a friends first approach and takes all the pressure off for its users, making it simple to make new connections, create meet up style events or simply tell others what you are “Friendable for,” then based on shared interests and location users can engage with what makes sense for them.
Increased user interactions will allow Friendable to offer advertising and sponsorship opportunities to local venues/businesses to begin to generate revenue by providing these venues with location specific opportunities to reach potential customers when it matters most; when they are nearby and looking for something to do or someone to do it with. As of April 2016 Friendable has over 1 Million downloads and 700,000 registered users.
Friendable, Inc. (OTC PINK: FDBL) announced today The Company’s paid version of its iOS app continues to gain ranking advances based on Apple’s measurement criteria and reached the number 26 position up from 57 about 1 week ago of all Paid US Social Networking Apps on Sunday, May 29th. (See Chart Reference)
FDBL, was contacted by the Kluger Agency (TKA) who had worked on many successful strategic relationships with companies like PlentyOfFish.com and Tinder. Earlier this year, Friendable, Inc. entered into an agreement to retain TKA to identify and secure relationships with music celebrities as well as integrate the Friendable App into music videos with Major A-List recording artists.
As a result, the Friendable app was featured in the new Jennifer Lopez music video “Ain’t Your Mama”. You can see the video here: http://emerginggrowth.com/2016/05/06/friendablel-app-featured-in-jennifer-lopez-new-aint-your-mama-video/
In addition to the Friendable App being exposed to JLo’s 35 million Twitter, 45 million Facebook and 44 million Instagram followers, in the “Ain’t Your Mama” video, the Friendable name has also been featured along with JLo’s in online articles seen on Page Six, Spin, Yahoo, and Fox News.
Celebrity recording artist Redfoo shot out on Instagram just a few days ago, “Yea Babies, meet me on Friendable. Great app for getting ahold of me and the Party Rock Crew” https://www.instagram.com/p/BFWyzA_izMX/
For April, the Company posted total downloads of 28,954 with 13,797 originating from Apple’s iTunes App Store and 15,157 coming from Google’s Android Play Store. This represents a 10% increase in downloads over March 2016.
We are waiting for FDBL to release it’s May download numbers which could be any day!
Friendable (OTC Pink: FDBL) has also seen a dramatic increase in its free app user session times (time spent in app) over previous months and shows a 100% increase internally. Industry standard is approximately 35 seconds on iOS social networking apps. Friendable’s current user base consistently topped 1 minute for the month of May 2016. (Source:Flurry)
So what does all this mean for Friendable, Inc. (FDBL)?
Obviously the stats are great for an Emerging Growth social networking company and because Social media sites are among the most visited on the Internet, and advances motivated by social media have a far-reaching impact for the marketplace as a whole. Friendable can be well positioned for acquisition by any one of the giants in the sector.
Examples? Twitter (NYSE: TWTR) bought Vine for $970 million. Facebook (NASDAQ: FB) snapped up WhatsApp for a hefty $19 billion, a company that had only ever hit a $1.5 billion valuation, and Microsoft (NASDAQ: MFST) purchased Yammer for a cool $1.2 billion. And Internet dating sites and apps are right in the mix. Match Group Inc. owner, IAC/InterActiveCorp (NASDAQ: IAC), acquired OKCupid for $50 million and at the time, OKCupid had only 3.5 million active users.
Could Friendable be next? For investors, the company has, without doubt, already started to attract the attention of major players in the social media arena and looks as though it is ripe for an acquisition at some point in the future. Learn more at Friendable.com!
What are you Friendable for?
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