Creatd Acquires Majority Stake in Stock Trading Social App, Orbit
NEW YORK, Aug. 5, 2022 -- Creatd, Inc. (Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced that it has completed its purchase of a majority ownership stake in Orbit Media, LLC ("Orbit"), a new app-based stock trading platform designed to empower a new generation of investors, providing users with a like-minded community as well as access to tools, content, and other resources to learn, train, and excel in the financial markets.
Orbit recently concluded its beta testing program and is expected to have its full launch by the end of the year.
Commented Creatd's Executive Chairman, Jeremy Frommer, "In my seat, I have spent a great deal of time analyzing the behavior of retail investors, particularly in regards to meme stocks and the communication forums dominated by discussions about them. Specifically, I've studied firsthand the amount of misinformation that tends to persist. Today, we have announced the purchase of a majority stake in Orbit, a new stock trading social app. Orbit is designed to enable open and fair discourse around stock trading, and within the underutilized small-cap space in particular. We expect Orbit's full launch to take place during the fourth quarter, launching a new era of interaction between retail investors and management teams–I have long been a strong proponent of the benefits of direct communications between management teams and shareholders, and of the power of social media platforms that have the ability to ensure the discussions remain fair and compliant. We expect to distribute the platform throughout Creatd's network and platform communities, as well as the audiences they attract."
For more information on Orbit and its launch plans, visit https://upinorbit.io/.
Creatd, Inc. (Nasdaq CM: CRTD) is a company dedicated to unlocking creativity for creators, brands, and consumers. We accomplish this through Creatd's four business pillars: Creatd Labs, Creatd Partners, Creatd Ventures, and Creatd Studios.
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: [email protected]
Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.
View original content to download multimedia:https://www.prnewswire.com/news-releases/creatd-acquires-majority-stake-in-stock-trading-social-app-orbit-301600626.html
SOURCE Creatd, Inc.