Trustfeed Stock Price, News & Analysis

Trustfeed Corp (OTC:TRFE) has announced the completion of its audits for 2021 and 2022, revealing increasing revenues and zero debts. This audit completion is a significant step towards becoming SEC reporting compliant. CEO Rasmus Refer expressed pride in the team's efficiency and emphasized ongoing efforts in technology and deal completions. The company, a subsidiary of Fastbase (OTC:FBSE), aims to enhance transparency for shareholders and customers. Trustfeed was founded in 2021 and utilizes advanced technology, machine learning, and artificial intelligence to provide reliable company and product reviews.

Trustfeed (OTC:TRFE) announced a significant milestone, surpassing 350 million consumer reviews on its platform, covering 305 million companies globally. This achievement reflects Trustfeed's commitment to being a trusted source for reviews and showcases the platform's rapid growth amidst the expanding e-commerce landscape. The company boasts over 5 million registered users, who contribute authentic insights to assist others in making informed decisions. Additionally, Trustfeed offers businesses tools for managing their online reputation, enhancing their visibility in a competitive market.

Fastbase Inc (OTC:FBSE) has announced plans to file Form 10 with the SEC for its subsidiary Trustfeed Corp (OTC:TRFE), aiming to become a fully reporting company. This initiative will enhance transparency and attract a broader range of qualified investors. As a fully reporting entity, Trustfeed will begin submitting annual reports on Form 10-K, quarterly reports on Form 10-Q, and periodic reports on Form 8-K, providing comprehensive audited information on its operations. The filings are expected to facilitate informed investment decisions among current and potential investors, while Trustfeed will continue trading on OTC markets under the symbol "TRFE."

Trustfeed Corp (OTC:TRFE) anticipates significant growth in 2023, driven by a McKinsey analysis highlighting the positive impact of online reviews on consumer goods sales. The study indicates that products with ratings of 3.7 or higher generate revenues five times greater than lower-rated counterparts. Trustfeed's estimated addressable market is approximately US$50 billion, utilizing machine learning and AI to enhance customer engagement. Furthermore, majority shareholder Fastbase (OTC:FBSE) plans to integrate Trustfeed reviews into its web leads, indicating a strategic move to leverage online reputation management for growth.

Trustfeed Corp. (OTC: TRFE) announced plans to spin off its subsidiary, Wikisoft Inc., into a new public company. This strategic move enables Trustfeed to focus on its core mission of enhancing company data and product reviews, while Wikisoft, boasting over 175 million business profiles, aims to capitalize on the growing big data market, projected to reach USD 549.73 billion by 2028. Current Trustfeed shareholders will receive common stock in the new entity, which is expected to bolster growth and operational efficiency.

Trustfeed (OTC: TRFE) has achieved a milestone with its database reaching 300 million companies, setting a new record in business listings. This growth is facilitated by Trustfeed's proprietary software, which aggregates and validates company information globally. By Q1 2023, all companies will be updated and can enhance their profiles. Companies can secure sponsored listings starting at USD 59 annually. Trustfeed's market position outshines competitors like Yelp, which has only 5 million listings and a market cap of USD 2 billion. Trustfeed's market cap stands at approximately USD 140 million, suggesting significant undervaluation.

Trustfeed Corp (OTC:TRFE) has announced a non-binding letter of intent to acquire a majority stake in Wikisoft Inc, publisher of Wikiprofile.com and Wikifunding.com. The acquisition will provide Trustfeed with access to over 175 million business profiles and advanced data verification technologies. The deal aims to enhance Trustfeed's B2B market share and will be funded through equity, ensuring financial flexibility. The Board of Directors is expected to approve the transaction, which marks a significant step towards expanding Trustfeed's services in the online review market.

Trustfeed Corp (OTC:TRFE) aims to become the world's largest platform for trustworthy consumer reviews within five years. With 84% of the global population owning smartphones, Trustfeed facilitates consumer opinions and allows businesses to manage their profiles and online reputation. The company boasts a database of over 69 million reviewed domains and nearly 290 million reviews. The global Total Addressable Market (TAM) is estimated at $50 billion (excluding China). Trustfeed anticipates substantial growth amid rising concerns over fake reviews on major platforms.