Business
Direct Equity International Announces Expansion into New Sectors including Social Media, Web3, and Augmented Reality
Direct Equity International Announces Expansion into New Sectors including Social Media, Web3, and Augmented Reality.
About this update from Direct Equity International, Inc.
[{"type":"text","content":"DIRECT EQUITY INTERNATIONAL, INC. (OTC:DEQI), a provider of digital marketing services, today announced a new initiative to develop and market products in the following categories: social media, web3, augmented reality, and virtual real estate.Social MediaDemand for reform to tradition social media has been rising in recent years, culminating with Elon Musk’s recent acquisition and privatization of Twitter. Prior to the acquisition, several alternatives platforms were also launched, including Truth Social (founded by Donald Trump), Parler (expected to be acquired by Kayne West), and WT.Social (started by Wikipedia founder Jimmy Wales).At the core of the demand for alternatives to existing platforms lies a debate over the role of free speech versus moderation in online communities. Some argue that large social platforms are the equivalent of the public square and should enjoy the same speech protections offered under the First Amendment. Others contend that companies have an obligation to provide a safe environment free of misinformation and harassment. One result of this tension is an increasingly polarized social media landscape, where communities are fragmented according to users’ political affiliation.Despite ongoing controversy around these issues, the social media market continues to expand. According to a report by Statista:“Total revenue in the Social Networking segment is projected to reach US$43.39bn in 2022.Total revenue is expected to show an annual growth rate (CAGR 2022-2026) of 8.57%, resulting in a projected market volume of US$60.29bn by 2026.In-app purchase (IAP) revenue in the Social Networking segment is projected to reach US$15.54bn in 2022.Paid app revenue in the Social Networking segment is projected to reach US$0.03bn in 2022.Advertising revenue in the Social Networking segment is projected to reach US$27.82bn in 2022.The number of downloads in the Social Networking segment is projected to reach 11,190.8m downloads in 2022.The average revenue per download currently is expected to amount to US$3.88.”Direct Equity International plans to enter this market with a unique solution to the problem of moderating social media, by introducing an innovative new decentralized franchise model where users can create and opt into different sub-sections of our platforms, each with their own sets of rules. Our vision is to ...