24/7 Market News Snapshot 10 December, 2024 – LiveOne, Inc. Common Stock (NASDAQ:LVO)

December 10, 2024

DENVER, Colo., 10 December, 2024 (247marketnews.com) – (NASDAQ:LVO) are discussed in this article.
LiveOne, Inc. (LVO) has demonstrated a robust trading performance, reflecting positive sentiment among investors. Today, shares opened at $1.03 and have since shown notable upward momentum, currently trading at $1.101—up by 5.87%. The trading volume reached 506.70K, indicating strong interest and a possible breakout scenario as increased activity often predicts significant price movements. Investors are advised to monitor key resistance levels around $1.10 while noting support near the opening price, signaling a favorable outlook for short-term investors.

In a significant development, LiveOne has entered into a strategic partnership with DAX, a prominent digital advertising platform. DAX will serve as LiveOne’s exclusive audio advertising sales partner, aimed at enhancing the company’s audio advertising monetization capabilities and driving programmatic audio ad revenues. Bill Wittress, Senior Vice President of Business Development and Strategic Partnerships at LiveOne, expressed enthusiasm about this collaboration, emphasizing its potential to maximize advertising opportunities and deliver exceptional value to music consumers.

DAX, which connects brands to over 108 million listeners across diverse platforms—including music, podcasts, and audio articles—intends to provide advertisers with unprecedented reach to engage with target audiences. Brian Conlan, President of DAX United States, affirmed the excitement surrounding this partnership, highlighting the opportunity to develop innovative advertising solutions that resonate with consumers.

This alliance marks an important step for LiveOne as it continues its trajectory as a leader in the streaming music and technology sectors. By strengthening audio advertising capabilities, LiveOne is poised to significantly impact the advertising landscape while remaining committed to delivering premium content and experiences to its growing community of users.

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