Clickstream Corp (OTCMKTS:CLIS) Stock Slumps 60% in 6-Month: But Why?
Clickstream Corp (OTCMKTS:CLIS) stock continues to trade lower and extending its 6-month fall to 60%. Will the stock recover?
Market Action
As of 11:46, CLIS stock decreased 6% to $0.0930. A total of 283k shares traded for the session hands, compared to its average volume of 787k shares. The stock opened at $0.1095 and moved in a range of $0.0905 – 0.1095.
Key Trigger
CLIS – Clickstream’s Heypal(TM) App Slated for Release in the Google Play Store for Android on or Before November 15th, 2021
announced today that its subsidiary Nebula Software Corp., will be releasing “HeyPal™,” a language learning app that focuses on “language exchanging” between users around the world in the Google Play Store for Android on or before November 15th, 2021.
To date, HeyPal™ has only been available in iOS App Store and is rapidly approaching 5 million messages, 1 million conversations, 1 million translations, 300 thousand downloads, 200 thousand likes and 25 thousand posts since the app was beta-launched less than eight months ago. The Online Language Learning Market was valued at USD $31.10 Billion in 2017 and is projected to reach USD $172.71 Billion by 2027, growing at a CAGR of 18.7% over the forecast period according to Brandessence Market Research.
The Android release will make HeyPal™ app available to over 6X more users across the globe. Smartphones running the Android operating system held an 87 percent share of the global market in 2019 and expected to increase over the forthcoming years. The mobile operating system developed by Apple (iOS) has a 13 percent share of the market according to Statista.
Key Quote:
Jonathan Maxim, CEO of ClickStream subsidiary Nebula Software Corp., stated “I am incredibly excited to make language learning through HeyPal™ available to more communities across the globe with the launch of our Android App. The market for used smartphones in areas like Europe and surrounding regions is very prominent. So HeyPal™ user growth is likely to dramatically increase, further democratizing access to language learning, and connecting real humans around the world in a new way – inherently creating more empathy across cultures. Meanwhile, many second and third-world regions utilize Android phones are their primary device for working, communicating and socializing – rather than a traditional computer or laptop. We are proud to offer language learning to those communities that otherwise might not have access.”
