Shares of RAADR Inc. (OTCMKTS:RDAR) continued to trend lower on Friday and ended the week with a fall of 20%.
On Friday, RDAR stock fell 11% at $0.0008 with more than 30.73 million shares, compared to its average volume of 111.59 million shares. The stock has moved within a range of $0.0008 – 0.0009 after opening trade at $0.0009.
Purchase of the Domain Name TheBullyApp.com
RAADR Inc. (OTCMKTS:RDAR), that keeps track of cyber-bullying and social media platforms using advanced artificial intelligence technologies, announced the purchase of TheBullyApp.com on November 12, 2021.
The company’s Parental Monitoring App 2.0 is expected to be launched in the last quarter of 2021. It is aimed at two vertical markets that comprise a large percentage of young children, teens, and young adults who use social media. The first vertical market represents parents of young kids who want to monitor potentially inappropriate behavior on social media. The 2nd market focuses on bullying, which is a worrying trend in the current era.
The RAADR Parental Monitoring App 2.0 is likely to be available in Google Play and Apple App Stores. These Stores can best serve the parental monitoring vertical market, where they can monitor children’s images and social media posts (containing names and social media addresses) on a 24×7 basis. The app’s capabilities have been expanded to TikTok and Snapchat as well.
After the company’s purchase of TheBullyApp.com, it will optimize the site to connect with consumers that are looking for apps that can detect bullying behavior on social media. They can now connect with millions of customers that will look up the app by Boolean searches on Google and other leading search engines. The website is expected to be launched simultaneously with the app during Q4 of 2021.
Jacob Dimartino, Chairman and Chief Executive Officer of RAADR, Inc. explained, “From the beginning, our app’s architecture and scalability was planned to allow us to open additional vertical markets as our company grows. Yesterday, I was talking to a California-based tech company CEO who said that RAADR’s app can potentially reach tens of millions of users. Our ability to separate inappropriate behavior from bullying behavior may exponentially expand our target user base. We are happy to announce the close of this purchase.”
RDAR stock is trading below the 20-Day and 50-Day Moving averages of $0.0010 and $0.0010 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0020. The stock is down 33% over the past month.