ORLANDO, Fla., March 21, 2016 (GLOBE NEWSWIRE) -- According to the digital data gurus at eMarketer, Instagram, owned by social media behemoth Facebook, is projected to continue its double digit growth in 2016, significantly outpacing most leading social media venues. Notably, Instagram’s explosive growth is driven in part by two catalysts, millennials and mobile users.
eMarketer expects Instagram to be installed on a third of all mobile devices in 2016, cementing its place near the top of the social media spectrum. The article also forecasts that Instagram will reside on a gaudy 2/3 of all U.S. mobile phones in 2019, contributing an increasingly significant percentage of revenue to the Facebook top line. Source: http://bit.ly/1Q5Nsic
These trends bode well for tech upstart Friendable Inc. (Other OTC:FDBL), a social network uniquely based on future events and new connections, rather than existing friends or past happenings. The company has seen its share of growth by offering location-based connections to users of all varieties and particularly millennials. The Company’s “Everything starts with Friendship” motto puts a ‘friend first’ opportunity in front of all its users, taking the pressure off introductions, which has led to a steep rise in female users of the app. Friendable’s app is driven by mobile device users who are looking to connect with those nearby… allowing users to create an open event for many to join, like a fantasy football league or sending a “Friendable Request” to a specific user for coffee, a movie or even a romantic dinner with another Friendable user.
“eMarketer’s projections for Instagram are consistent with our view and expectations for this industry,” said Robert Rositano, Jr, CEO, Friendable, Inc. “We believe that mobile devices will absolutely be the catalyst for most all connections in perpetuity and as with many trends, will be driven by millennials, but most certainly won’t be limited to them. Friendable is not about your age, it’s about finding others that are “Friendable” for the same things you are.”
Friendable also recently added to its sizable user base by recently releasing an Android version of its app, essentially allowing anyone to be Friendable with anyone else, and that the connection opportunities are now virtually limitless.
“We’re a little different than our social media predecessors,” stated Rositano. “Friendable marries a number of the good ideas in the social media world to create a relaxed opportunity to connect, and to connect in a meaningful way with a group of new friends or an individual you may or may not know who is near you already.”
For more information on Friendable please visit: http://www.friendable.com
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Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected by Friendable, Inc. The iTunes rankings should not be construed as an indication in any way whatsoever of the future value of the Friendable's common stock or its present or future financial condition. The public filings of Friendable, Inc. made with the Securities and Exchange Commission may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Friendable, Inc. cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, Friendable, Inc. does not undertake, and Friendable, Inc. specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
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