Friendable Reducing 2023 Operating Expenses by Approximately $1M Dollars, and Leverages Several Years of Technology Assets for New Opportunities
Fortunately, we made a significant investment in technology with historical data and metrics to analyze our successes and failures, which have led us to our focus on the FeaturedX brand and re-position and re-purpose of our livestream platform as well.
- Fortunately, we made a significant investment in technology with historical data and metrics to analyze our successes and failures, which have led us to our focus on the FeaturedX brand and re-position and re-purpose of our livestream platform as well.
- In doing so, the Company is now seeking a significantly smaller capital raise to achieve the artist and revenue results we strive for in 2023.
- This said, we remain very optimistic about the Company’s future with FeaturedX, as well as the addition of new market opportunities for our existing livestream apps, platform, brand and technology base,” continued Rositano, Jr., CEO.
- The Company believes this is an interim step until it can justify the expense of an up-list and become a fully reporting SEC issuer again.