MeetMe Added to Russell 2000 Index
June 29 2016 - 9:00AM
Business Wire
MeetMe, Inc. (NASDAQ: MEET), a public market leader for social
discovery, today announced that it has been added to the Russell
2000 Index and the broad-market Russell 3000 Index.
“Inclusion in the Russell 2000 is further recognition of our
continued progress and the growth of our company,” said Geoff Cook,
Chief Executive Officer of MeetMe. “We look forward to the
additional visibility and exposure of MEET within the investment
community that comes along with being part of the Russell 2000
Index.”
The rebalanced Russell Global, Russell 1000, Russell 2000,
Russell 3000, Russell Midcap, and Russell Microcap Indexes began
trading on June 27, 2016.
Annual Russell indexes reconstitution captures the 4,000 largest
U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in the Russell 3000®, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell 2000® Index as well as the
appropriate growth and value style indexes. FTSE Russell determines
membership for these indexes primarily by objective,
market-capitalization rankings, and style attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $6 trillion in assets
are benchmarked to the Russell U.S. indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
US Indexes reconstitution, go to the “Russell Reconstitution”
section on the FTSE Russell website.
About MeetMe
MeetMe® is a leading social network for meeting new people in
the US and the public market leader for social discovery (NASDAQ:
MEET). MeetMe makes it easy to discover new people to chat with on
mobile devices. With approximately 90 percent of traffic coming
from mobile and more than one million total daily active users,
MeetMe is fast becoming the social gathering place for the mobile
generation. MeetMe is a leader in mobile monetization with a
diverse revenue model comprising advertising, native advertising,
virtual currency, and subscription. MeetMe apps are available on
iPhone, iPad, and Android in multiple languages, including English,
Spanish, Portuguese, French, Italian, German, Chinese (Traditional
and Simplified), Russian, Japanese, Dutch, Turkish, Korean, Hindi,
Bengali and Vietnamese. For more information, please
visit meetmecorp.com.
Cautionary Note Concerning Forward-Looking Statements
Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including whether whether we will achieve
continued progress and growth, whether we will achieve additional
visibility and exposure within the investment community as a result
of being part of the Russell 2000 Index. All statements other than
statements of historical facts contained herein are forward-looking
statements. The words “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “project,” “is likely,” “expect” and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends that we believe may affect
our financial condition, results of operations, business strategy
and financial needs. Important factors that could cause actual
results to differ from those in the forward-looking statements
include the risk that our applications will not function easily or
otherwise as anticipated, the risk that we will not launch
additional features and upgrades as anticipated, the risk that
unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such
operating systems that degrade our mobile applications’
functionality and other unexpected issues which could adversely
affect usage on mobile devices. Further information on our risk
factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year
ended December 31, 2015. Any forward-looking statement made by us
herein speaks only as of the date on which it is made. Factors or
events that could cause our actual results to differ may emerge
from time to time, and it is not possible for us to predict all of
them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160629005413/en/
MEET Investor Contact:MKR Group Inc.Todd
Kehrlimeet@mkr-group.com
Meet (NASDAQ:MEET)
Historical Stock Chart
From Aug 2024 to Sep 2024
Meet (NASDAQ:MEET)
Historical Stock Chart
From Sep 2023 to Sep 2024