Mobile Social Network Friendable, Inc. (OTCMKTS:FDBL) Featured in Platinum Recording Artist Daya’s New Video; What Does it Mean for the Stock?

Friendable, Inc. (OTCMKTS:FDBL) announced that their product was featured in celebrity pop star Daya’s music video “Sit Still, Look Pretty,” released Friday, September 9th, 2016.

CAMPBELL, CA–(Marketwired – Sep 14, 2016) – Friendable, Inc. ( OTC PINK : FDBL ) announced today that the Friendable app was featured in celebrity pop star Daya’s music video “Sit Still, Look Pretty,” released Friday, September 9th, 2016.

Daya, the 17-year old platinum recording artist from Pittsburgh, PA, is best known for her hit “Hide Away,” which went platinum in January 2016. Daya’s additional career highlights include over 50 million streams on Spotify; over 240 million video views on “Don’t Let Me Down;” a Top 10 iTunes Pop sales chart placement; and a #7 ranking on Shazam’s Top 100.

What’s more, Spotify recently named Daya the winner of the latest cycle of their “Emerge” program. This honor came as Daya’s single rose to #19 on Spotify’s US Top 50 chart, the highest position for any independent artist on the chart.

“Sit Still, Look Pretty” premiered on MTV as a Broadcast Prime Time premiere, and then received broad distribution on VEVO shortly thereafter.

“Daya fans certainly meet our target user demographic perfectly,” said Robert Rositano Jr., CEO of Friendable, Inc. “It is this type of exposure to her fans that we expect will drive brand awareness and new user downloads as we continue our pursuit of building a broader user base.”

See Daya Music Video Release – Link Below:

About Friendable:

Friendable, Inc. is the mobile-social network focused on the future, rather than sharing the past. It is all about having location specific and nearby opportunities to connect with others. The Friendable brand represents a “friends first” approach and takes all the pressure off its users, making it simple to create new connections, create meet up style events, or simply tell others what you are “Friendable” for. Based upon shared interests and locations, users can engage with what makes sense for them. Increased user interactions will allow Friendable to offer advertising and sponsorship opportunities to local venues/businesses and begin to generate revenue by providing these venues with location specific opportunities to reach potential customers when it matters most. As of April 2016, Friendable has exceeded one million total downloads since the company’s inception and launch of the app in June of 2013 under its previous brand name.

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The average daily trading volume (ADTV) is the number of commodities traded per day on average over a specific time period.  Trading activity is tied to the liquidity of a stock.  If there is high average daily trading volume, the security can be moved easily and has high liquidity.  In contrast, if trading volume is low, the commodity will usually be less expensive due to the fact that people are not as eager to buy.  Friendable, Inc. (OTCMKTS:FDBL)’s average trading volume is 18970300.

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Friendable, Inc. (OTCMKTS:FDBL) shares closed the most recent session at $0.0049, moving from the previous open of $0.0001.  This is compared to the stock’s 52-week high of 0.03 and 52-week low of N/A.

It’s important to use market capitalization (market cap) to show the size of a company because company size is a basic characteristic in which investors are interested.  Luckily, it’s easy to calculate: Market Capitalization = Number of Shares Outstanding x Price.  For example, if a company has 10 million shares selling at $100/share, it would have a market cap of $1 billion.  Currently, Friendable, Inc. (OTCMKTS:FDBL)’s market cap is $3250000.

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Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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