Auddia (NASDAQ:AUUD) stock is rocketing higher on Monday after the company announced the launch of its new faidr 3.0 mobile app.
This new mobile app is the next version of its audio Superapp. It offers up new content exclusive to the platform for customers, as well as a redesigned user interface and other enhancements. That includes AM/FM stations without ads, as well as new podcast content.
One of the big selling points of faidr 3.0 is Music Cast. These allow for full songs to be played during talk casts, which the company says are similar to podcasts in nature. The company is releasing 20 new hours worth of Music Cast episodes per month.
Theo Romeo, Chief Marketing Officer of Auddia, said the following about the news:
“We think the next evolution of radio, outside of personalization from a listening standpoint, is democratizing the airwaves for users that want their voices heard. Our charter has always been to reinvent audio in a way that meets consumers where they are today and where they are going while remaining a friend and ally to broadcasters, artists, and content creators. We think faidr 3.0 is an exciting new step toward that future.”
How This Affects AUUD Stock Today
AUUD stock is taking off on Monday alongside heavy trading of its shares. As of this writing, more than 7 million shares of the company’s stock have changed hands. To put that in perspective, its daily average trading volume is closer to 1 million shares.
AUUD stock is up 94.7% as of Monday morning.
Investors can find more of the most recent stock market news ready to go below!
We’ve got all of the latest stock market stories traders need to know about on Monday! That includes the biggest pre-market stock movers this morning, the latest news concerning Cardano (ADA-USD), and more. You can catch up on all of this news at the following links!
More Monday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
- Dear Cardano (ADA) Crypto Fans, Mark Your Calendars for June 27
- JOBY Stock Gains 10% on Analyst Upgrade
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risk.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
