- SRAX has launched a Stock for Ads Program, allowing clients to pay for media solutions through stock payments
- The company also offering customers subscriptions to its SRAX IR platform, helping publicly listed companies track shareholders’ behavior and manage investor outreach
- In spite of sharp increase in online audiences, major advertisers have been forced to slash marketing budgets, leading to drop in ad prices
As of April 18, nearly six out of every ten people around the world were forced or urged to stay at home, measures which have contributed to a stunning fall in global consumption (http://nnw.fm/YQUu1). In the United States, retail sales plunged by 8.7 percent in March (http://nnw.fm/lApt5), the biggest decline on record – prompting major corporations to respond by slashing their marketing expenditures. With the ongoing situation in mind, digital marketing pioneer SRAX Inc. (NASDAQ: SRAX) has launched an innovative Stock for Ads Program. The initiative is designed to support their clients through this critical period by helping them procure media solutions in exchange for stock payments as a way to help businesses continue to engage with their customers and conserve cash (http://nnw.fm/D9MVt).
Consumer spending accounts for more than two-thirds of U.S. economic activity, yet economists are predicting that consumption could decline by as much as 41 percent in the second quarter, relative to the same period last year…
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
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