Welcome to our dedicated page for Verb Technology news (Ticker: VERBW), a resource for investors and traders seeking the latest updates and insights on Verb Technology stock.
News related to the VERBW symbol centers on Verb Technology Company, Inc. (Nasdaq: VERB) and its evolution across social commerce, telehealth, crowdfunding, and digital assets. Company press releases highlight how Verb positions itself as transforming social commerce through its MARKET.live livestream shopping platform, its GO FUND YOURSELF interactive crowdfunding TV show, and its VANITYPrescribed and GoodGirlRx telehealth portals. More recent announcements describe a strategic shift toward a Toncoin-focused digital asset treasury model and a renaming to TON Strategy Company, with trading under the ticker TONX.
On this news page, readers can find coverage of Verb’s business milestones, including the acquisition of AI social commerce platform LyveCom, which the company states enhances MARKET.live with AI-driven video commerce, automated content repurposing, and AI-powered virtual hosts. News items also describe MARKET.live’s production of livestream shopping events for brands on platforms such as TikTok LIVE and Walmart.com, illustrating how Verb’s technology is used in real-world campaigns.
Investors can also review releases detailing Verb’s financial updates, such as quarterly earnings, revenue trends following the sale of its prior direct sales SaaS unit, and capital-raising transactions like the upsized and oversubscribed private placement intended to fund a Toncoin treasury strategy. Later communications under the TON Strategy Company name discuss the company’s focus on holding Toncoin as a primary treasury reserve asset and its belief that integration with the Telegram ecosystem is important to its digital asset thesis.
Because these announcements come directly from company communications, this news feed offers a centralized view of how Verb’s business model, capital structure, and strategic direction have developed over time, from interactive video-based social commerce toward a Toncoin-oriented digital asset treasury approach.
Verb Technology Company (Nasdaq: VERB) reported financial results for Q2 2022, highlighting a 23% increase in SaaS recurring revenue and gross profit margin compared to Q2 2021. Total digital revenue rose by 19% to $2.2 million, with SaaS subscription revenue accounting for 82% of total revenue. R&D expenses decreased by 57%, and the company added 19 new client contracts valued at $1.9 million. However, the net loss amounted to $6.37 million, raising concerns about profitability.
Verb Technology Company (NASDAQ: VERB) announced it will host a conference call on August 15, 2022, to discuss its financial results for Q2 ended on June 30, 2022. The call will begin at 5:30 p.m. ET and provide updates on its MARKET.live shopping platform. CEO Rory J. Cutaia and CFO Salman Khan will lead the discussion, followed by a Q&A session. Investors can access the call via phone or webcast. A replay will be available until August 29, 2022.
Verb Technology Company hosted a successful Shopfest livestream shopping event from July 26-28, 2022, as a part of the launch of its new platform, MARKET.live. This event featured over 50 streams, showcasing products from luxury brands like Gucci and Prada, including a $100,000 crocodile Birkin bag. CEO Rory J. Cutaia stated that Shopfest is set to be the largest livestream event in the U.S. The platform combines social shopping with entertainment, enabling shoppers to interact with brands and influencers through shoppable livestream videos.
Verb Technology Company (Nasdaq: VERB) is hosting Shopfest, a three-day livestream shopping event from July 26-28, 2022, to launch its new platform MARKET. The event features over 50 brands, including celebrity appearances, and streams across major social media platforms. Notably, the artist Nelly joins as a participant. Attendees can RSVP for updates and giveaways, highlighting the excitement surrounding the interactive shopping experience. VERB aims to leverage this innovative platform to enhance customer engagement through livestream commerce.
Verb Technology Company (Nasdaq: VERB) is set to host Shopfest, a 3-day livestream shopping event on July 26-28, showcasing its new MARKET platform. This platform offers endless livestream shopping experiences, allowing consumers to browse various brands, including Mark Cuban's Three Commas. The event aims to engage hundreds of vendors and influencers across multiple social media channels. Shoppers can RSVP at shopfest.market.live for event updates and prizes. This initiative marks a significant step in bridging ecommerce and interactive video.
Verb Technology Company (Nasdaq: VERB) will host Shopfest, a three-day livestream shopping event on July 26-28, 2022, to launch its new MARKET platform. The event will feature over 50 top brands in various categories including fashion, beauty, and wellness, streaming across multiple social media channels. Attendees can RSVP for exclusive updates and a chance to win giveaways. Industry experts predict the U.S. livestream market could grow from $20 billion in 2022 to $68 billion by 2026, indicating significant opportunities for VERB's interactive shopping model.
Verb Technology Company has announced a partnership with LOVLEI, a new premium fashion brand. Utilizing Verb’s content management platform, LOVLEI aims to enhance sales and customer engagement through interactive video and marketing tools. The brand, launched in July 2022, plans to empower women and influencers by offering retail commissions of up to 40%. Verb's platform offers real-time analytics and efficient content management, aiming to facilitate a collaborative community. This partnership is expected to drive sales and boost conversion rates for both companies.
Verb Technology Company (Nasdaq: VERB) is set to showcase American Ninja Warrior apparel at the Peace, Love, and Livestream Shopping festival from July 26-28, 2022. The event marks the launch of VERB's MARKET platform, a social shopping and livestream e-commerce platform. With over 40 participating brands, including luxury fashion labels, attendees can experience interactive shopping and support nonprofit Good360 through donations during livestreams. This innovative approach aims to revolutionize retail, combining entertainment with shopping.
Verb Technology Company (Nasdaq: VERB) announced its upcoming event, Shopfest, scheduled for July 26-28, featuring over 30 brands in a new livestream shopping festival. This event marks the launch of MARKET, an interactive ecommerce platform that combines shopping with entertainment. Participants can explore 200+ shoppable stores and engage in livestream shopping events. Notably, the festival supports a charitable partnership with Good360, allowing shoppers to donate. The U.S. livestream shopping market is projected to grow to over $25 billion, offering significant potential for VERB's new platform.
The press release details a partnership between Verb Technology Company (Nasdaq: VERB) and Babylonstoren, a renowned South African wine farm. Starting June 23, 2022, Babylonstoren will host livestream shopping events on VERB's MARKET platform, allowing global consumers to purchase luxury products from the farm. Babylonstoren offers a selection of fine foods and wines, reflecting a commitment to quality and authenticity. This initiative aims to enhance customer engagement while showcasing Babylonstoren’s unique offerings through interactive livestreaming.