ASK.fm Seeks New Ownership

Sep 29, 2023
< 1 minute read

Short summary:

  • Global Q&A-based social network, ASK.fm, is on the lookout for new ownership.
  • Initially acquired by Noosphere Ventures, the parent company is now transitioning its focus to space technology, presenting an ownership opportunity for ASK.fm.
  • The platform boasts a robust presence in the Middle East and North Africa (MENA), with over 30% of its user base from the region.
  • Since its expansion to MENA in 2015, ASK.fm operates in 15 countries there, translating to more than 86,000 daily users and an average session lasting up to 30 minutes.
  • The MENA market’s potential, highlighted by five countries ranking in the top ten globally for social media usage, makes ASK.fm a prime prospect.
  • The platform believes that under new ownership, it could integrate innovative features, potentially merging real-life interaction with AI.

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