Xinda Intl Stock Price, News & Analysis

Tribal Rides International, Inc. (OTCPK:XNDA) clarified its position following a recent California appeals court ruling on Proposition 22, which maintains ride share drivers as independent contractors. CEO Joseph Grimes stated that this ruling will not affect their Mobility-As-A-Service (MAAS) solutions since their drivers are regarded as partners rather than employees. The court’s decision, while subject to appeal to the California Supreme Court, does not alter Tribal Rides’ operational structure or its ongoing development of innovative transportation technologies, which aim to enhance user experience through collaborative and cost-effective transportation solutions.

Tribal Rides International (OTCPK:XNDA), a software company based in California, has engaged SRAX, Inc. for investor relations and marketing its Mobility-As-A-Service (MAAS) solutions. The MAAS applications aim to enhance user transportation experiences through integrated social networks and mobile apps, allowing personalized management of transportation needs. SRAX's Sequire system will help identify and engage a broader shareholder base by monitoring shareholder behaviors and trends. CEO Joseph Grimes expressed optimism about the collaboration, emphasizing its potential to increase product awareness and investor engagement.

Tribal Rides International Corp. (OTC PINK:XNDA) reported significant progress in 2022, achieving crucial product developments and administrative objectives. Key accomplishments include the successful launch of the RYDE Driver and Rider apps, with acceptance from Apple and Android, and integration of financial transactions through PayPal and Stripe. For 2023, the company aims to enhance product development staffing, commercially release the RYDE apps, and finalize a driver-focused loyalty program. These advancements position Tribal Rides for growth in the Mobility as a Service sector.

Tribal Rides International Corp. (OTC Pink:XNDA) announced on October 21, 2022, that it received clearance for its Form 211 application from the Financial Industry Regulatory Authority (FINRA). Sponsored by Glendale Securities, Inc., this approval allows the company to initiate the quotation process. Tribal Rides is focused on digital transformation in transportation, offering a patented ecosystem and ride-sharing app supporting both individual and business requirements, especially in the advancing market of autonomous vehicles.

Tribal Rides International Corp. (OTC PINK:XNDA) has successfully generated its first sales following the launch of its Driver and Rider applications. This milestone was confirmed by Stripe, which processed initial rides and payments. CEO Joseph Grimes expressed pride in the development team's timely accomplishment and plans for expanding user reach, anticipating further sales. The company focuses on disruptive transportation technology and is developing additional features for future releases, which aim to enhance their patented transportation ecosystem.