Verb Technology Company Inc (VERB)

[Nspireaction]

CATALYST #4: Ecommerce Livestream Shopping



. . . . . . . . . . . . . .The E-Commerce Industry is Massive at Five Trillion Dollars and Livestream Shopping is on Fire!


. . . . . . . . . . . . . . . . .For the last couple of years China has been leading the world in Livestream Shopping.

. . . . . . . . . . . . . . . . .Sales From Live Stream Shopping in China Grew From $1 Billion in 2016 to $63 Billion in 2019

. . . . . . . . . . . . . . . . . . . . . . . .But Livestream Shopping is now expected to grow to over $120 Billion THIS YEAR!
Now that Covid-19 has created a global pandemic, many entrepreneurs, small businesses and large enterprises are forced to shift to e-commerce solutions to satisfy safe distancing requirements for both consumers and businesses. Suddenly, Live Stream Shopping is creating hypergrowth in the sector and the long term outlook is very good!
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Wait, Now it could reach $170 Billion this year?

The latest article below by CNN only confirms how live stream shopping is exploding in China, and you can bet the rest of the world will be racing to capture part of this new phenomenon. As more and more people adopt livestream shopping as an eCommerce solution and competition increases, hosts will be seeking out the best live sales platforms. It's now becoming clear why Verb's CEO Rory Cutaia recently spoke of his concerns with overwhelming servers as verbLIVE is launched with Salesforce, - Here's Rory's answer to the last question from Jonathan Hickman on the conference call.
This quote is from the first and last parts of his response
Rory Cutaia: " As to the Salesforce integration, we’ll begin generating revenue from that, and it’ll be within the universe of potential server use that we feel very, very confident that we can manage right now on the existing infrastructure, that frankly, we planned for when we did our initial modeling around this. However, over the past couple of months, as we continued to assess the market and we see what the response is and update our modeling, it became clear to us that this could be way bigger than what we had originally intended. If we put it out and we get the kind of response that our models are predicting, the thing could just blow up and overload our servers, and people will not have a great experience. I can’t let that happen. That’s why we’re being cautious and doing it the right way.

CNN: Live-stream shopping in China could be worth $170 billion this year. But it's a tough market to crack


Livestream Shopping is a recent phenomenon that has quickly become a major component of livestreaming as a business tool and sets up a particularly interesting opportunity for Verb. As an e-commerce solution, the combination of Verb's unique interactivity, analytics, back office integrations and partnership with Shopify makes Verb LIVE the most powerful sales tool available today.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Verb Technology Is Off To The Races


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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Five Catalysts for Hyper-Growth