1 Million Downloads In 5 Weeks - New Social Apps Exploding During Lockdown
FN Media Group Presents Oilprice.com Market Commentary
LONDON, Aug. 5, 2020 /PRNewswire/ -- The battle for high-tech solutions on the frontline of the COVID-19 pandemic in Canada is heating up with explosive app activity coming from every direction including COVID contact-tracing and even an innovative social distancing trivia app designed to defy the pandemic's rules of personal engagement. Mentioned in today's commentary includes: Facebook (NASDAQ: FB), Google (NASDAQ: GOOGL), Apple Inc. (NASDAQ:APPL), Netflix, Inc. (NASDAQ:NFLX), Zoom Video Communications, Inc. (NASDAQ:ZM).
The first app has prompted a powerful labor union demand that the federal government use it as the only high-tech solution that fills in the gap with wearables. The second app is seeing surging downloads—globally.
For Facedrive (FD,FDVRF) and its partner in COVID contact-tracing app TraceScan--the Laborers' International Union of North America (LiUNA), one of the largest labor unions in the world--being on the front lines of the pandemic has been a fast-paced endeavor. Amid the pandemic, demand for HiQ, a new social distancing trivia app by Facedrive has skyrocketed in a very short time.
On Wednesday, August 5th, Facedrive announced that HiQ--one of the newest elements of the company's "people and planet first" high-tech ESG ecosystem--had reached over 1,000,000 downloads. Only five weeks after the launch, the pandemic restrictions have demonstrated high-level demand for new avenues of digital entertainment that allow you to engage safely with others.
"At Facedrive, we are very excited by the great reception that the HiQ platform has enjoyed over the past month. We place a great value on the trust and loyalty of our users, and will be making continuous efforts to further improve the platform and introduce added features with every new release. One million downloads of the HiQ app also constitutes an important milestone for Facedrive, marking a new step towards cross-platform adoption of its services, positive reinforcement action between Facedrive's verticals and eventually successful monetization," said CEO and Chairman of Facedrive Sayan Navaratnam.
And the coming weeks are expected to see further enhancements to the HiQ app, including group messaging, voice and video calling, head-to-head trivia tournaments and other new features, according to the company.
HiQ is available on both the App Store and the Google Play Store and currently ranks among the Top 5 trivia apps in over 115 countries.
The Federal Government launched its smartphone contact-tracing app on Friday, but LiUna says it's not enough.
LiUNA vice-president Joseph Mancinelli on Tuesday urged the government to adopt TraceScan--a made-in-Ontario app that includes wearables and features technology that can be worn on a bracelet or carried in a wallet.
Of particular concern for Mancinelli is the construction industry--among others--where smartphones are not a viable contact-tracing tool and where they are often prohibited, reported the Globe & Mail.
"You are going to omit all of these construction workers – not only LiUNA – but the whole industry, which is hundreds and hundreds of thousands of workers right across the country. So I don't get that," the LiUNA vice-president said, adding that even one infection could result in the shutdown of an entire construction site and could be economically disastrous.
Mancinelli's statement comes on the heels of an endorsement for the use of TraceScan by Ontario Premier Doug Ford on Friday, noting that he's "in favor" of the app, and the ball is now in the federal government's court.
"We continue to encourage the federal government to engage companies like Facedrive (FD,FDVRF) who are coming forward with made-in-Ontario/Canada solutions to keep all workers safe," Bradley Metlin, spokesman for Ontario Labor Minister Monte McNaughton told the Globe & Mail.
A Google Chrome extension, Netflix Party, for example allows groups of people to hang out online and stream their favorite Netflix (NASDAQ: NFLX) films and TV shows. The extension is already being used by 10 million users to come together for movie nights while maintaining their distance. Users have an incredible amount of content to choose from on Netflix. The platform features thousands of movies and hundreds of TV shows. And it's even expanding its original content. Netflix has pumped billions of dollars into producing and buying new TV shows and movies, and not just in the United States. Many countries have their own role of original content, and as the company's subscriber base grows, the sky is the limit for the $200 billion streaming giant.
Another application that has skyrocketed in popularity is the video conferencing application Zoom (NASDAQ: ZM). The app has become a major hit among companies that have implemented work-from-home policies to keep their employees safe and prevent the spread of the virus. Zoom's technology has revolutionized workplace communication, it provides videotelephony and online chat services through a cloud-based peer-to-peer software platform and is used for teleconferencing, telecommuting, distance education, and social relations. It's so huge that another startup is using the platform to connect celebrities with their fans (for a nominal fee). The app has become so popular, in fact, that it has even been featured in popular television shows such as Saturday Night Live. In fact, a number of TV personalities are doing entire shows using the application.
The most popular social applications on the Google and Apple stores, however, you might already be familiar with. Facebook (NASDAQ: FB) is the de facto leader. Its Messenger, WhatsApp and Instagram have exploded since the beginning of the pandemic. With over a billion people using the platforms, it's become a staple for staying in touch. Facebook's CEO Mark Zuckerberg has built an empire around online communication. After launching the original Facebook platform, he acquired WhatsApp and Instagram, moves which have helped propel the company into the elite of Silicon Valley. Now valued at over $660 billion, Facebook's only enemy is the growing threat of regulation. But Zuckerberg has already shown his ability to navigate political waters with efficiency.
This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that the demand for ride sharing services will grow; that the demand for environmentally conscientious ride sharing services companies in particular will grow quickly and take a much larger share of the market; that Facedrive's TraceScan app will be adopted by other parties including government; that Facedrive's marketplace will offer many more sustainable goods and services, and grow revenues outside of ride-sharing; that new products co-branded by Bel Air and Facedrive will sell well; that Facedrive can achieve its environmental goals without sacrificing profit; that Facedrive Foods will expand to other regions outside southern Ontario soon; that major corporations will partner with Facedrive; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the company's ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company's expansion activities and whether markets justify additional expansion; the TraceScan app may not be adopted because of better apps offered by competitors or because of expense the ability of the company to attract a sufficient number of drivers to meet the demands of customer riders; the ability of the company to attract drivers who have electric vehicles and hybrid cars; the ability of Facedrive to attract providers of good and services for partnerships on terms acceptable to both parties, and on profitable terms for Facedrive; that the products co-branded by Facedrive may not be as merchantable as expected; that Facedrive does not attract major corporations as corporate partners, and even if it does, the partnerships do not bring the customers or revenues expected; the ability of the company to keep operating costs and customer charges competitive with other ride-hailing companies; and the company's ability to continue agreements on affordable terms with existing or new tree planting enterprises, riders and drivers in order to retain profits. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
ADVERTISEMENT. This communication is not a recommendation to buy or sell securities. An affiliated company of Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") has signed an agreement to be paid in shares to provide services to expand ridership and attract drivers in certain jurisdictions. In addition, the owner of Oilprice.com has acquired a considerable number of additional shares of FaceDrive (FD.V) for personal investment and is negotiating to acquire more. This compensation and share acquisition resulting in the beneficial owner of the Company having a major share position in FD.V is a major conflict with our ability to be unbiased, more specifically:
This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.
SHARE OWNERSHIP. The owner of Oilprice.com owns shares of this featured company and therefore has a substantial incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.
NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.
RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.
DISCLAIMER: OilPrice.com is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein. The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Protecting Critical Infrastructure with Epic Security