Creatd acquires trading app founded by Florida students, Orbit

Rick Steves

The platform is built and maintained by a team of University of Florida students dedicated to connect retail investors to the information they need.

Creatd, Inc. has completed its purchase of a majority ownership stake in Orbit Media, LLC (“Orbit”), which has recently concluded its beta testing program and is expected to have its full launch by the end of the year.

Orbit is a new app-based stock trading platform targeting the younger generations and providing users with a like-minded community as well as access to tools, content, and other educational resources.

Open and fair discourse around stock trading

Jeremy Frommer, Executive Chairman of Creatd, said: “In my seat, I have spent a great deal of time analyzing the behavior of retail investors, particularly in regards to meme stocks and the communication forums dominated by discussions about them. Specifically, I’ve studied firsthand the amount of misinformation that tends to persist. Today, we have announced the purchase of a majority stake in Orbit, a new stock trading social app. Orbit is designed to enable open and fair discourse around stock trading, and within the underutilized small-cap space in particular.

“We expect Orbit’s full launch to take place during the fourth quarter, launching a new era of interaction between retail investors and management teams–I have long been a strong proponent of the benefits of direct communications between management teams and shareholders, and of the power of social media platforms that have the ability to ensure the discussions remain fair and compliant. We expect to distribute the platform throughout Creatd’s network and platform communities, as well as the audiences they attract.”

Orbit CEO joins Creatd as business analyst

Orbit provides a rich catalog of original content, written by finance graduates and experienced investors, to help anyone learn to become an investment pro.

The platform is built and maintained by a team of University of Florida students dedicated to connect retail investors to the information they need.

The co-founders behind the Orbit app are chief executive officer Nick Scibilia and chief technology officer Zack Shenkman.

Zack Shenkman is the 

Orbit chief executive Nick Scibilia was responsible for closing the M&A deal with Creatd, Inc.. He built and managed the founding team to create a social media platform for retail investors on iOS and Android. As part of the deal, he joined Creatd as a business analyst.

Read this next

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

<