At the Last Futurist, we’re always watching startups as they correlate to the OTC stock market. Up 3,600% in the last five days, $WDLF is really hot this week. For reference it’s up 206% so far today.
So what is it? With around 7 employees they are based in Denver. Here is their website.
Social Life Network is a technology company, licenses Social Life Network Software as a Service (SaaS) Internet platform to residential real estate industry and various sports verticals.
Its platform is a cloud-based social network and e-commerce system that could be accessed by a web browser or mobile application that allows end-users to socially connect with one another and their customers to market and advertise their products and services.
As of March, 2020 it grew 120% YOY. It’s a verified OTC company. It has a real website, a good sign in the sketchy world of OTC penny stocks. It claims to have blockchain and AI components. But let’s not read too much into that, it’s a small startup.
The CEO appears to be a real entrepreneur as per his LinkedIn, but there is no mention of this company. However he does seem to have historical ties to the real estate landscape. A founder and co-founder of multiple internet technology companies over the past 25 years.
Started tech career in 1995 as code developer and database administrator for the real estate tech startups, Realtor.com & HomeBuilder.com …through the IPO as MOVE, in 1999. We have to assume, he knows what he is doing.
Denver is overall, a good place for a tech startup to scale in 2021. It’s pretty hard to take their financials seriously. Still tech stocks of this nature can scale very quickly as a penny stock. Even if they spike and come back down. The stock is currently around $0.0050, in which case the multiple is attractive.
It’s not clear what Social Life has to do with AI, but that’s a big component of their current branding. From their own data, Social Life Network’s 119% revenue growth in 2019 is the largest year-over-year revenue growth in the history of the company. Additionally, 2019 revenue is an increase of 97.5% over the next largest reported revenue year of 2016.
Their pivot sounds like this: Social Life Network, Inc. is an artificial intelligence and blockchain powered social network and e-commerce technology company based in Denver Colorado. This could be a chance therefore to invest in an AI startup with ties to blockchain and possibly real-estate. It’s murky but it is what it is.
The stock is a sell at $0.01. This is a trade, likely not an investment since it’s long-term prospects are uncertain. The company was founded in January of 2013, where they launched niche industry social networks to service the millions of business professionals and consumers in the residential real estate industry, the legal global cannabis and hemp industry, and many sports verticals including racket sports, soccer, hunting and fishing, worldwide. In January 2020, the combined user-ship of our niche social network exceeded 4 million monthly users.
Obviously during Covid-19, real estate and recreation are interesting industries to be in. The company’s platform can be customized to suit virtually various international niche industry or subculture, such as hunting and fishing, tennis, real estate professionals, health and fitness, charity causes, and others. In 2021, we like the sound of that kind of niche diversification. This is only a buy if under $0.007, according to us.