Direct Equity International Inc (OTCMKTS:DEQI) Stock On Radar After Business Update

On Monday Direct Equity International Inc (OTCMKTS:DEQI) was a company that came into the news cycle in a big way after it made a major new announcement. The company, which is involved in digital marketing and product development services, announced yesterday that it had changed its name officially to Metaverse Inc.

Trading Data     

On Friday, DEQI stock ended flat at $0.0074 with more than 27.97K shares, compared to volume of 10.57K shares. The stock moved within a range of $0.0074 – 0.0074 after opening trade at $0.0080.

DEQI Announces New Business Model and Name Change to Metaverse, Inc.

The move to change the name came about as the company had decided on embarking on a new direction in which it was going to move into the development of artificial intelligence, Web3, augmented reality and social media products. In addition to that, the company also launched its new website

At this point in time, the company is involved in the development of artificial intelligence powered chat bots which are going to help users with interactions when they browse the internet. The artificial intelligence industry is growing at a decent clip and in 2022 the industry had hit a valuation of $136.55 billion globally.

The company is working on the development of a decentralized social media platform for the purpose of disrupting the industry. It is designed to allow users to choose and create different sub-sections of the platform that they want to be a part of.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.