FDBL - Friendable jumps 22% on acquisition of OnlyFanPass.com domain

2023-04-24 09:34:30 ET

• Friendable ( OTCPK:FDBL ) stock price shoots 22% on Monday morning as the company acquires additional intellectual property asset, with the purchase of the OnlyFanPass.com domain name.
• The company’s focus is on leveraging existing technology assets for new markets in 2023 is proceeding as planned.
• "As we analyzed our technology it was easy to see that we could meet and deploy for an OnlyFans market opportunity more rapidly than the TikTok competitive app and have begun to run a parallel effort to bring these both to the market. Having these new opportunities take shape without having to spend the time or development dollars of the past to achieve is one of the things I’m most excited about. Timing is everything and by leveraging monies and time spent, along with what we’ve learned along the way, we will have various new ways of pushing products and partners into existing markets and capture our collective share of revenue." said CEO Robert A. Rositano Jr.

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