NEW
YORK, Aug. 5, 2022 /PRNewswire/ -- Creatd, Inc.
(Nasdaq CM: CRTD) ("Creatd" or the "Company"), today announced that
it has completed its purchase of a majority ownership stake in
Orbit Media, LLC ("Orbit"), a new app-based stock trading platform
designed to empower a new generation of investors, providing
users with a like-minded community as well as access to tools,
content, and other resources to learn, train, and excel in the
financial markets.
Orbit recently concluded its beta testing program and is
expected to have its full launch by the end of the year.
Commented Creatd's Executive Chairman, Jeremy Frommer, "In my seat, I have spent a
great deal of time analyzing the behavior of retail investors,
particularly in regards to meme stocks and the communication forums
dominated by discussions about them. Specifically, I've studied
firsthand the amount of misinformation that tends to persist.
Today, we have announced the purchase of a majority stake in Orbit,
a new stock trading social app. Orbit is designed to enable open
and fair discourse around stock trading, and within the
underutilized small-cap space in particular. We expect Orbit's full
launch to take place during the fourth quarter, launching a new era
of interaction between retail investors and management teams–I have
long been a strong proponent of the benefits of direct
communications between management teams and shareholders, and of
the power of social media platforms that have the ability to ensure
the discussions remain fair and compliant. We expect to distribute
the platform throughout Creatd's network and platform communities,
as well as the audiences they attract."
For more information on Orbit and its launch plans, visit
https://upinorbit.io/.
About Creatd
Creatd, Inc. (Nasdaq CM: CRTD) is a company dedicated to
unlocking creativity for creators, brands, and consumers. We
accomplish this through Creatd's four business pillars: Creatd
Labs, Creatd Partners, Creatd Ventures, and Creatd Studios.
Creatd: https://creatd.com;
Creatd IR: https://investors.creatd.com;
Vocal Platform: https://vocal.media;
Investor Relations Contact: ir@creatd.com
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SOURCE Creatd, Inc.