Comparing the current results to its competitors, Wm Technology Inc reported Revenue decrease in the 2 quarter 2026 year on year by -5.35 %, despite the revenue increase by the most of its competitors of 29.26 %, recorded in the same quarter.
Wm Technology Inc 's Comment on Competition and Industry Peers
The company competes with cannabis-focused marketplaces and technology firms including Leafly, Dutchie, and Jane Technologies, as well as cannabis marketing and advertising technology providers. In the area of retail listing pages, competition also arises from internet search engines and advertising networks such as Google, general two-sided platforms like Yelp, traditional media companies including newspapers and television, outdoor billboard advertising, and online merchant platforms such as Shopify, Square, and Lightspeed. Delivery companies like DoorDash, which expanded its offerings in January 2025 to include hemp-derived THC and CBD products for customers of legal age, are also competitors. Key competitive factors include network scale, comprehensiveness of offerings, ease of adoption and use, facilitation of regulatory compliance, and the breadth and reliability of information available to consumers and brands.
December 19, 2024
Strategic Moves and Commitments: WM Technology s Latest Developments in the Cannabis IndustryIn a momentous set of developments, WM Technology, Inc. (Nasdaq: MAPS), a key player in providing technological and software solutions to the cannabis industry, has confirmed the receipt of a non-binding proposal from its co-founders, Douglas Francis and Justin Hartfield. This proposal, dated December 17, 2024, signals the founders intentions to acquire the company and transition it into a privately held entity. Douglas Francis, who currently holds the dual roles of Chief Executive Officer and Chairman of the Board, alongside Justin Hartfield, a significant stakeholder and co-founder, aim to guide WM Technology thr...
December 10, 2024
In a significant development for investors, WM Technology, Inc. (NASDAQ: MAPS), previously known as Silver Spike Acquisition Corp, is facing a class action lawsuit filed by shareholders alleging misleading financial practices. The litigation, initiated by Holzer and Holzer, LLC, centers on allegations that the company inflated its monthly average user metrics (MAUs), leading to potentially significant financial impacts for shareholders during the lawsuit s Class Period.The lawsuit, announced on December 10, 2024, underscores the legal repercussions for WM Technology as it seeks to address concerns regarding the accuracy of its reported user statistics. The allegations suggest that the company provided false ...
June 25, 2024
Weedmaps and BLAZE Solutions Partner to Launch Comprehensive Global Cannabis Product Catalog Amid Market Share Decline In an ambitious bid to revolutionize the cannabis retail landscape, Weedmaps (Nasdaq: MAPS), a well-established technology and software infrastructure provider within the cannabis industry, has entered into a strategic partnership with BLAZE Solutions, Inc. (BLAZE), an award-winning cannabis retail technology provider. This collaboration aims to integrate Weedmaps’ extensive product database with BLAZE’s retail technology, creating a comprehensive Global Product Catalog for BLAZE s point-of-sale and e-commerce menus.The strategic alliance will connect BLAZE with Weedmaps extensive catal...
Leafly Holdings Inc is a technology company that provides an online platform and app for consumers to explore and discover various cannabis strains, products, and dispensaries. They generate revenue through partnerships and advertising with cannabis businesses and retailers looking to connect with their user base.
is a leading provider of essential internet infrastructure for commerce, offering trusted tools to start, grow, market, and manage a retail business of any size
Yelp Inc's business model is centered around providing a platform for users to discover and review local businesses, including restaurants, shops, and other services. It generates revenue primarily through advertising and cost-per-click partnerships with those businesses.
Sources:
Wm Technology Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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