$FDBL Friendable Inc., Setting up for Success, Mark Zuckerberg is Obsessed with this Technology
Approximately two week ago, Friendable, Inc. (OTC Pink: FDBL) announced that it has received an investment commitment in the amount of $1.615 million. In connection with this investment, Friendable, Inc. completed the acquisition of live streaming video technology, along with a royalty free, perpetual license to integrate and utilize the technology with the Friendable app, from Hang With, Inc.
Twitter (NASDAQ:TWTR), and Facebook (NASDAQ:FB) have recently jumped on the live video bandwagon, and with contracts to stream live NFL games, Bloomberg TV, and the Democratic and Republic conventions one could say they are thriving.
Further Facebook's Mark Zuckerberg has stated that he is "obsessed" with live streaming.
But what is it worth?
Twitter, Inc. quietly purchased Periscope for just under $100 million in early 2015.
As of August 12, 2015, Periscope had only 10 million users and 2 million daily active users.
Nothing I say, post, or do should ever be considered financial advice. I may be holding a long, short or no position. I am NOT or NEVER have I been compensated to post on here or anywhere and all my posts are for entertainment purposes only.
