Yesterday, shares of Burned Media Ltd. gained 100% after a wild day on Wall Street. This came after they announced that hypster.com, the company’s music discovery property, had crossed the 250,000 registered user mark. On the same day, the company released news that it had also received approval for its Hypster Facebook music discovery application. After an extended beta period where the company has seen close to 5,000 new downloads of the Hypster Facebook music discovery application, the company submitted the software for inclusion into the directory of available applications on the popular social media platform, and received approval.
The company has been focused on the sale of its digital music and other online media through its online channels such as www.hypster.com. The site allows users to share music, listen to other member’s samples for free, and purchase the samples from their “freshtunes” website for a $0.99 fee. Hyspter.com achieved traffic of 7.3 Million monthly page views, while daily usage in the final days of February reached single day peaks of 302,500 page views and four consecutive days of near to 2,000 daily registrations, giving positive indications for future milestones in user and traffic growth.
These numbers were prior to the approval of the new Hypster Facebook music discovery application. This approval will give the company exposure to the world’s largest, by traffic, social network. The growth potential of this site due to the Facebook application approval is hard to measure, but with 64 million active users, even a small fraction of them converting to hypster users would translate to massive numbers.
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