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Society Pass Incorporated - SOPA STOCK NEWS

Welcome to our dedicated page for Society Pass Incorporated news (Ticker: SOPA), a resource for investors and traders seeking the latest updates and insights on Society Pass Incorporated stock.

Society Pass Incorporated (SOPA) operates a data-driven e-commerce ecosystem across Southeast Asia, integrating AI-powered digital marketing, merchant services, and lifestyle platforms. This page provides investors and industry observers with centralized access to the company's latest developments.

Track official press releases, financial updates, and strategic announcements covering acquisitions, partnerships, technology innovations, and market expansion initiatives. Our curated news collection helps stakeholders monitor SOPA's progress in key sectors including online grocery delivery, travel reservations, and merchant POS solutions.

Discover how SOPA leverages its AI cognitive analytics to enhance consumer experiences and merchant value across six operational segments. Bookmark this page for timely updates on the company's evolving role in Southeast Asia's digital transformation.

News

Society Pass Inc (Nasdaq: SOPA) / Thoughtful Media Group Inc Launches 1st Ever MediaGram to Build Indonesia Online Fitness Community; MediaGram Platform Projected to Generate +20% of TMG Group Revenues in 2024

Rhea-AI Summary
Thoughtful Media Group Inc announces the launch of a new MediaGram partnership with Indonesian actor and producer Chicco Jerihko to develop an online fitness community in Indonesia.
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Society Pass Inc (Nasdaq: SOPA) Announces Equity Line of up to $40 Million to Invest into Operating Subsidiaries Projected to Go Public in 2024

Rhea-AI Summary
Society Pass Inc. enters into a structured financing agreement with Strattners FZCO for an equity line of credit.
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32.96%
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Society Pass Inc. (Nasdaq: SOPA) Announces Plans to Spinout Two Profitable Business Units Into New Publicly-Traded Companies via Nasdaq IPOs in 2024

Rhea-AI Summary
Society Pass Inc. announces plans for spinout and IPO of its subsidiaries, Thoughtful Media Group Inc. and NusaTrip Inc.
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-2.66%
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Society Pass Inc (Nasdaq:SOPA) Present at the Planet MicroCap Showcase: VANCOUVER 2023 on Wednesday, September 6, 2023 & 1x1 Meetings on Thursday, September 7, 2023

Rhea-AI Summary
Society Pass Inc (Nasdaq:SOPA) to present at Planet MicroCap Showcase: VANCOUVER 2023 on September 6, 2023.
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-4.75%
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Ascendiant Capital Markets: Society Pass Inc. (Nasdaq: SOPA) 2Q 2023 Saw Strong Revenue Growth of 338% Year on Year; Major Acquisition and Expected Cash Probability in 2H 2023 to Drive Share Price Higher

Rhea-AI Summary
Ascendiant initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA). SoPa reports strong 2Q 2023 revenue growth of 338% YoY. Major M&A with PT Inetindo Info expected to contribute to future results. SoPa expects cash profitability in 2H 2023. Focus on loyalty platform and online lifestyle platform in Vietnam. Positive market opportunities in SEA. Current valuation attractive with a BUY rating and $3.75 price target.
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11.36%
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Society Pass Inc (Nasdaq: SOPA)/Thoughtful Media Group Inc. Enters Philippines Market and Launches Creator Economy Focused Advertising Platform

Rhea-AI Summary
SoPa officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Philippines market. TMG has expanded its ecosystem of multi-platform advertising services through a network of more than 10,000 talented creators across multiple industries in Thailand, Vietnam, Indonesia, and the Philippines.
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-1.05%
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Maxim: Society Pass (Nasdaq: SOPA) – Compelling Valuation; Positive on Organic Growth & M&A; Raises Revenue Targets for 2023 and 2024

Rhea-AI Summary
Society Pass Inc. (Nasdaq: SOPA) Receives Positive Research Report from Maxim Group LLC, Projects 194% Revenue Increase in 2023
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0.21%
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Society Pass Inc’s (Nasdaq: SOPA) 2Q/1H 2023 Financial Results Illustrate Continuing Breakneck Revenue Growth and Exceptional Profit Margin Expansion; Confidently Forecasts Achieving Cash Profitability in 2H 2023

Rhea-AI Summary
SoPa reports 348% YoY revenue growth in 1H 2023, with gross margin improving to 29.9% in 2Q 2023. Cash operating expenses declined in both periods. Completed acquisitions and expects to close another in September 2023. Expects cash profitability in 2H 2023.
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-2.64%
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Society Pass Inc (Nasdaq: SOPA) Announces Payments Partnership with 2C2P to Enhance the Online Shopping Experience in Southeast Asia

Rhea-AI Summary
SoPa announces strategic payments partnership with 2C2P to drive e-commerce shopping in SEA
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3.96%
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Society Pass Inc’s (Nasdaq: SOPA) Travel Subsidiary, NusaTrip Inc, Acquires IATA-licensed Vietnam International Travel and Service JSC; Acquisition Adds Approximately US$2 million in GMV to NusaTrip Revenue Base

Rhea-AI Summary
NusaTrip Inc acquires Vietnam International Travel and Service JSC, an IATA-licensed travel agency, as part of its plan to create a regional online travel platform in Southeast Asia. The acquisition brings approximately US$2 million of GMV to NusaTrip's revenue base. NusaTrip aims to acquire other IATA-licensed travel agencies in the Asia Pacific region in 2023.
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-5.2%
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Society Pass Incorporated

Nasdaq:SOPA

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SOPA Stock Data

2.42M
4.47M
13.58%
2.5%
2.62%
Software - Application
Services-business Services, Nec
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