Social Detention Inc.SODE Price Target .50 per shareSocial Detention Inc has become the first publicly traded company that's in position to capitalize on commerce related translations in the Bitcoin network. In a recent press release by the company, Social Detention Inc (SODE) mentions their acquisition of the world’s first bitcoin-dedicated marketplace in the App Store.
Social Detention Inc. (SODE) Company Highlights
Current Market Capitalization: 10M
Annual Revenue: 2.9M for the year of 2018 compared to 680k the previous year
Net profitable and high gross margins
Healthy balance sheet and positive cash flow
426% annual revenue growth YoY
AN immediate benefit from the acquisition, generating revenue
About Bitplaza Inc:
Bitplaza is the world's first Bitcoin dedicated shopping app on the Apple App Store and Google Play. Developed by Bitplaza Inc, the shopping app uses cutting edge technology which allows anyone around the world to buy physical goods with bitcoin, from the latest electronics to even groceries. The Bitplaza app demonstrates Bitcoin as a global and spendable currency. Due to the recent adoption of new users in the Bitcoin network, there have been strong demands for using Bitcoin for shopping purposes. Bitplaza is actively growing the global shopping platform and building new partnerships with brands that are looking to accept Bitcoin payments on the App store.
President and CEO of Social Detention Inc. ( SODE ) was quoted as saying, "When we first saw what Bitplaza was doing with Blockchain we had to be a part of it. It is literally the first Dedicated Marketplace that accepts Bitcoin. We see Blockchain as a catalyst and space that will provide Social Detention Inc. significant shareholder value as we now have another path to profits in a growing sector. This acquisition allows us to benefit immediately as the technology is launched and generating revenue."
