Grom Social Enterprises Stock Rises After New In-App Safety Features for Greater Parental Control Over Kids’ Social Media Activity
Oct 22, 2021 By MarketDepth
Grom Social Enterprises, Inc. (NASDAQ: GROM) shares jumped more than 15% Friday after the Company announced that that Grom Social, an app designed exclusively for kids under 13, has added several new in-app safety features that give parents of Grom’s users complete control over their kids’ personal identifiable information (PII) and greater ability to monitor their child’s activity while posting, sharing and chatting with other kids on the app. The controls, previously only available in the company’s parental companion app, debuted today and were announced by Darren Marks, Grom’s Chairman and Chief Executive Officer.
“Grom Social was created to ensure that kids can enjoy the fun of social media in a safe, monitored, protected environment.”Darren Marks, Chairman, Grom Social Enterprises, Inc
Grom Social Enterprises, Inc., through its subsidiaries, operates as a media, technology, and entertainment company in the United States. It also produces animated films and televisions series; and provides web filtering services to schools and government agencies.
“The digital universe was not built with kids in mind so Grom Social was created to ensure that kids can enjoy the fun of social media in a safe, monitored and protected environment that invites parents to play an active role in their child’s experience. By bringing even more controls into the app itself, parents can access their child’s settings and gain even greater control in keeping kids safe online while raising good digital citizens.”Darren Marks, Chairman, Grom Social Enterprises, Inc.