Be Vocal Our thoughts are never far from the tragedies that continue to define the pandemic, as well as the divisiveness and growing socioeconomic divide in our country. We are evolving in ways we never could have imagined just one year ago. In these unprecedented times, Creatd’s platform Vocal is providing the right service at a necessary time; it is providing the opportunity for the people to be heard.
We said the following 4 years ago... The entire evolution of digital media, and every individual technological advancement, is met with the same questions. Sociologically, every new digital platform is viewed through that same lens: “How can I have my voice heard on the internet? How can I make money on the internet? How can I scale the money I can make on the internet?” Corporate forces and legacy tech architectures do not necessarily advocate for a free, capitalistically-driven internet. It is not a particularly even playing field in the race to internet fame. However, it is also very early in the transition from analog to digital, and advances are coming at an exponential pace.
With our second quarter financial results filed, Q2 proved to be a validating quarter for our company's growth strategy. Among other exciting milestones, our company achieved a substantial increase in revenues year over year and a 10% increase from the previous quarter. Plus, with our team having onboarded nearly 4,000 Vocal+ subscribers and 679,000 Freemium creators to date, our projections indicate that Vocal will grow to approximately 10,000 Vocal+ paid subscribers and 750,000 Freemium members by the end of 2020. And we'll do it with the help of our partners–that's you, the Vocal creators–with upcoming features like referral incentives to make it well worth everyone's while to expand our network. In fact, that's the key factor for virtually any decision we make about Vocal. As we've said many times in the past–the success of our company is tied to our creators' success on Vocal. In fact, our success is dependent on it.
After evaluating the data with the host platform for our shareholder meeting, Issuer Direct, we broke an attendance record for an OTCQB company shareholder meeting. Along with that, we received a record amount of questions and felt compelled to both elaborate on those we were able to address on the call and add a number of other interesting insights and questions we received from the rest of our investor community.
It’s been less than an hour since the conclusion of what was Jerrick’s first Annual Shareholder Meeting. Before publishing the following meeting transcript (which we cleaned up a bit for clarity purposes) and releasing the video recording you see above, I wanted to once again thank my Jerrick team, who worked so hard over the last couple of weeks. It was their collective effort that not only made our 2020 virtual shareholder meeting a success, but established a baseline and foundation for us to make the next one even better.
I had a front-row seat at the birth of electronic trading, and it had a profound influence on my career and the thought processes that I would systematically apply to all subsequent endeavors. At first, I was simply enthralled by what we were able to do with the data; how we assessed it and took risk in order to generate more money, with which we could take more risk. I became fascinated by the power and control a trader wielded when relying on data to make decisions. It was years later before I began thinking about the bigger picture and the implications of this new kind of trading. It’s a story about how technology systematically changed a well over 200-year-old industry.
Jim Cramer, CNBC host and former hedge-fund manager, recently said, “At the end of the day, the market has no conscience... Nobody is investing to make the world a better place.”
In the spring of 2010 the Middle East reached a tipping point. It was called the Arab spring. A decade later, we are in the midst of the American Spring. We are the country whose fuse is lit and ready to explode. With the stock market making COVID-era highs, the disconnect between reality on the street and the illusion created by printing money, lending at 0% interest rates and outright lies by the federal government, has now seeped into the psyche of the American people. The illusion that 40 million unemployed can be fooled by a check in the mail and bringing back sports is finally being shattered and the glass will cut deep across the political divide.