Creatd acquires trading app founded by Florida students, Orbit
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.
