FDBL appears to be positioning itself as a social media force. It will not surprise me to see bidding in the near future for a lucrative buyout with celebrities moving their fan base to Friendable.
I suggest reading about all of the strategy and partnerships this company has obtained over the last couple of months. There is a very strong effort to grow the application, the quantity of users, the connections with celebrities, and more. If you think this is a scam, you can remain on the sidelines, miss the boat, and be nothing more than an opinion. For those who want this company to succeed, continue its growth, and become even more successful, we hold our investment and expect strong results from FDBL.
Also, if I am excited about an up and coming company which can fill a gap in the social technology sector, I am going to talk to people in the industry and do research. Not just say "Buy It!"
Yawn. I've never been a "pumper" - I see it as a waste of time, money, and effort - especially for a stock that should be held until it fully matures and beyond. It is up to you to determine whether you feel it is a good price at .01 or something else. Buy at the low, sell at the high. The high for this is probably not going to be a few pennies. But, you need to decide for yourself.
This is why I have accumulated over a million shares and continue to collect more. I've spoken to several individuals in the sector and they have confirmed FDBL is certainly a creative niche not fully explored yet. The upside is tremendous especially with the user growth. There are some watching the growth of the user counts and waiting to pounce on the millions as revenue generation opportunities. Good stuff.
Yes, I have the app, use it, and it is a solid app. It's not bloated and overwhelming like some other social apps. I'd like to see more people jump off of Facebook and other social net sites - they are being used and sold via advertising to big corporations. These lend to the idea that The big social sites are just big ad firms...
The reality is this... come the next reporting period, we will see growth or we won't. As this company gains in user growth, it will become more valuable. If it does not, then it will tread water for a long time. No PR can push this forward. The proof is in the user growth and opportunities for either an expansion in the industry or a target as a buyout. User growth is the key to whether or not this stock/company is for real. I know how these companies work, how the buyouts happen and who becomes a target for such an event, and what it takes to make this a reality. If user growth continues to grow, this stock will be a good bet. If not, probably not a good one. If you cannot stomach frequent ups-and-downs until the next reporting period, then this is not the stock for you.
I would never sell a stock where the user growth continues on a strong pace. People need to be patient. This may hover all year around .02-.03. If you can't let $10K ride and feel comfortable in $2000 ups and downs right now, this is definitely not the stock for you. If you are a patient, wise investor, you would do your homework on the company, the application, and plans and see this is a very good growth stock.
Now is the time to get in on Friendable. Yes, we can agree it is a growth stock. User growth continues to expand. As one person tells two, three, or more people, the company grows in usage and in value. If you look at the SnapChats, Tinders, and other once small companies - and their history, you will see they did not explode overnight. Buying at .018 and selling at .024 might make you the short money, but ultimately, this will get to a point, where it will be .10 or .20 a share. I am certain this company has received attention from some of the big players because I know how the "game" works. The value is in the user quantities. The big players need to absorb larger user counts to promote their existing sites, advertising agreements, and expansion. With the steady increase in users and promotion, Friendable will only attract a larger audience. They've had one, ONLY ONE, promotion with J-Lo. This was a test promo and the next rounds will only be larger and will help this company grow. The big players will buy this company, absorb the users, keep the site running and create value through each user opportunity. In the social media realm, this is how it works.
The guy is smart. Tinder, SnapChat, and the others started out equally, if not worse, and grew exponentially as the market share increased. This is a long term investment... not one week or a month, but something to hold on to for a long while as the company expands and grows.
I can't confirm the valuation per user, but it is very likely it is well beyond $10/user. Think of it this way... should the trend continue, the marketing opportunities a huge. Match or other comparable site can obtain the users, continue to run the app/site, and cross-sell to millions to other sites, advertisers, and more. I would not be interested in a site that did not currently have so many existing users and potential for so many more... but this does. FDBL is just in its infancy.
The value is in the quantity of users. The user growth continues at an exceptional rate upward. Larger firms like Match will do what they do best... acquire the company at a low cost and absorb the users. This is what they've been doing all along. There is tremendous upside to FDBL just on their usage growth alone. Thumbs up on this one.