Social Media Ventures Inc. (SMVI)
EXPM EXPM Primary Summary
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Social Media Ventures Inc. Profile
| Interactive Media & Services Industry | Communication Services Sector | Robert W. Thayer CEO | EXPM Exchange | 833626104 CUSIP |
| US Country | - Employees | - Last Dividend | 28 May 2008 Last Split | - IPO Date |
Overview
Social Media Ventures, Inc., originating as NetSky Holdings, Inc., underwent a name change in May 2008 to better reflect its focus on the burgeoning online social networking industry. Founded in 1998 and headquartered in Jericho, New York, the company positions itself as an online media venture entity. Its primary business strategy involves creating and acquiring distinct social networking websites to cater to varied user interests. Additionally, Social Media Ventures, Inc. ventures into local Internet services, echoing its broadened scope beyond just social media platforms. The company's dynamic approach includes not only overseeing the operation of its acquired and developed sites but also exploring opportunities to monetize these investments through potential sales.
Products and Services
- PetsPlaces.com
- Rocktag.us
- Local Internet Services
- Website Acquisition and Sales
A specialized social networking site under Social Media Ventures, Inc.'s umbrella, PetsPlaces.com caters to pet owners and animal enthusiasts. This platform provides a niche community for users to share, connect, and engage over pet-related content, thereby fostering a targeted social network.
Another distinct offering, Rocktag.us, serves as a dedicated social networking site aimed at music lovers and artists. It's designed to unite individuals with shared interests in various music genres, offering them a space to explore, discuss, and share music-related experiences and interests.
Besides focusing on niche social networking websites, Social Media Ventures, Inc. expands its service portfolio through providing local Internet services. This aspect of their business indicates an endeavor to offer internet-based solutions tailored to specific localities, potentially enhancing the connectivity and online experience of their clientele.
Integral to its business model, Social Media Ventures, Inc. actively engages in the acquisition and sale of websites. This strategic maneuver not only diversifies its investment in the digital domain but also enables the company to capitalize on the fluctuating value of internet properties, ensuring sustained growth and profitability.
