Thred Ltd. (ASX:THD)
How do you jump start an emerging social media company’s march toward user numbers, and revenues?
Well one idea could be to partner with Microsoft, who has been in a ‘social’ mood lately, buying LinkedIn for $26.2 billion USD in cash.
Clearly Microsoft is looking to shore up its social media arsenal and today’s ASX listed company has just what it is looking for:
A way to bring the fragmentation of social media apps and platforms such as Facebook, Twitter, LinkedIn and Snapchat together to create a one-stop shop for all communication tools including text messages, emails, PMs, and social media posts.
Partnering with Microsoft is exactly what today’s ASX listed social media platform has gone and done.
This company just relisted on the ASX having completed its reverse take over, and raising over $6.3 million through an oversubscribed public offer.
The partnership with the Microsoft could bode well for our ASX company’s future as it puts its technology in front of every single Office 365 user – at last count that numbered 60 million worldwide.
The information in this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
This company is simplifying social media use, aiming to wrap itself around all social media platforms, so that anyone, on any platform can talk with each other.
With Microsoft on board, this ASX stock could unlock the walls built up around the 140+ individual social media channels and platforms.
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