Grom Social (NASDAQ:GROM) stock is soaring higher on Friday and there’s a few things investors will want to know about the social media company.
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Let’s jump into the latest Grom Social news and details for potential investors in GROM stock below!
- The most recent news from the company today includes additional safety features.
- The Grom Social app is social media only for children under the age of 13.
- As such, the company is trying to make it as safe a place as possible for its target audience.
- Today’s news includes extra parental control features that give parents extra options for monitoring their child’s social media use.
- On the business side of things, the company revealed an update to a private placement yesterday.
- That includes an increase for a second investment to $6 million.
- That brings its expected gross proceeds from the private placement up to $10.4 million.
- Outside of company-specific news, it’s worth noting that certain social media companies are on the rise lately.
- That includes those focused on privacy first as alternatives compared to typical social media companies.
- This comes as former President Donald Trump moves forward with plans to create his own social media platform.
- That includes a deal with special purpose acquisition company (SPAC) Digital World Acquisitions (NASDAQ:DWAC) to take the company public.
- The social media platform is called Truth Social and is under private company Trump Media & Technology Group.
GROM stock was up 18.6% as of Friday afternoon.
There’s more recent stock coverage below!
We’ve got all the latest stock news for traders on Friday! That includes what’s happening with shares of Greenidge Generation (NASDAQ:GREE), Beyond Meat (NASDAQ:BYND), and Walmart (NYSE:WMT) stock today. You can learn all about that from the following links!
More Friday Stock Market News
- GREE Stock Is Falling Despite Expansion News. Here’s What to Know.
- BYND Stock: 10 Reasons Why Beyond Meat Shares Are Getting Burned Today
- Walmart Has Bitcoin ATMs? 9 Things to Know About the Retailer’s Crypto Plans.
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