From Instagram to High Times: Unpacking the Power of Vast User Networks

NetworkNewsWire Editorial Coverage

NEW YORK, Sept. 19, 2023 /PRNewswire/ -- In the business world, one of the cardinal reasons for mergers and acquisitions (M&As) is the potential for synergistic growth. Successful companies usually measure this in terms of revenue streams, market share and product offerings. However, in the age of digital technology and globalization, a significant facet of growth potential is often found a company's core customer base and digital reputation. Lucy Scientific Discovery (NASDAQ:LSDI) (Profile) is astutely following this road map utilized by hugely successful corporations by uniquely leveraging user bases to rapidly amplify shareholder value. This well-established, albeit counterintuitive, M&A strategy has been utilized by several major companies including Meta Platforms Inc. (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL) with the unconventional process producing results that vastly exceeded expected typical M&A metrics.