While most of the ASX market is trending lower, Crowd Media is one of the many companies leading the downfall.

What's driving the Crowd Media share price lower?

The Crowd Media share price is falling after the company announced the shock retirement of its CEO, Mr Domenic Carosa.

According to its release, Crowd Media advised that Mr Carosa tendered his resignation to the board in order to spend more time on his recently Canadian-listed company, Banxa Holdings Inc.

Crowd Media revealed that by mutual agreement, Mr Carosa will leave the company on 31 March 2021.

During the transition period, Mr Carosa will serve as a non-executive director and provide consulting on an as-needed basis. This will include assisting with the development of the company's Horizon 2 and Horizon 3 projects.

Crowd Media chair Mr Steven Schapera and director Mr Robert Quandt will take over the reins, moving into interim executive roles. The company stated it will now begin the search to find a replacement CEO for Mr Carosa. Mr Carosa maintains a 6% holding of Crowd Media shares.

What did management say?

Mr Schapera praised Mr Carosa on his efforts to turn the company around. He said:

Domenic has demonstrated honesty, integrity, and true grit during his time at Crowd. Under his leadership he now hands over a stable ship, a stronger balance sheet, and – most importantly – a company that now has the capability to translate the most recent advances in AI research into innovations that will reshape the way consumers think about e-commerce experiences and move us closer to our $1B target.

Retiring CEO Mr Carosa commented:

This has been a very hard decision for me to take after so many years as CEO, but the time feels right for me to hand over the role to someone else so that I can focus on my fintech opportunity. My interests are aligned with Crowd via my shareholding and Directorship and I have confidence in our Chairman Steven Schapera and the team and will continue to assist in any way I can.

Crowd Media share price snapshot

Despite today's drop, the Crowd Media share price has performed well over the last twelve months, increasing by 150%.

Crowd Media shares hit an all-time low of 1 cent back in March, before gradually increasing along a wobbly path. Travelling on ups and downs until October, the company's shares shot up to reach a multi-year high of 10 cents in November 2020.

Based on the current Crowd Media share price, the company commands a market capitalisation of around $31 million.

The post Here's why the Crowd Media (ASX:CM8) share price is plunging 14% today appeared first on The Motley Fool Australia.

But here are three companies that are worth taking a look at…

Crowd Mobile Ltd (ASX: CM8)

The Crowd Mobile Ltd share price has gained more than 40 per cent over the past year and is trading at about 13 cents.

But the company's share price has lost almost half its value since late September when it was up to 24 cents.

So is it time to buy or stay clear?

The mobile entertainment and digital media company increased its revenue for financial year (FY) 2017 to $43.9 million, up 16 per cent on the previous year, and boosted its EBITDA by 49 per cent to $9.4 million.

A key driver of Crowd Mobile's revenue was its Q/A Dvision, designed to entertain and inform customers by "developing engaging mobile products" that connect those seeking answers with qualified experts. This generated $29.4 million in FY 2017.

Crowd's Q/A Division has been growing steadily since 2014.

Cycliq Group Ltd (ASX: CYQ)

The Cycliq share price gained 12 per cent on Tuesday, adding to an increase of 65 per cent over the course of just over a week.

Cycliq shares are now trading at around 2.8 cents but are still a long way off the $39 they were going for in 2008.

The Perth-based company, which develops high-definition cameras for bikes, reported a loss exceeding $4.4 million for FY 2017.

But the share price has been heading up following an announcement that the company had received "several trade finance facility offers to meet immediate working capital needs".

Digitalx Ltd (ASX: DTX)

Digitalx has cashed in on the booming crypto-currency market and has seen its share price rise by more than 350 per cent in less than a year.

Digitalx Ltd, with a market cap of around $104 million, is a crypto-currency and blockchain advisory business which also offers blockchain software development services.

The company announced this week that it had been appointed corporate adviser for two Initial Coin Offerings (ICOs), one for the direct-order grocery platform, INS Ecosystem, and the other for online poker game platform CoinPoker.

Digitalx also holds interests in Bitcoin and Ether.

As such, it appears Digitalx's future is closely tied to the fate of the crypto-currency universe.

If you're interested in finding out more about ASX tech shares, check this out…

The post 3 top ASX tech shares to watch appeared first on The Motley Fool Australia.

Despite the market sinking lower, a number of shares have managed to climb higher. Here's why these four shares have posted strong gains today:

The Atlas Iron Limited (ASX: AGO) share price is up 5.5% to 1.9 cents thanks largely to a further lift in the iron ore price. According to Metal Bulletin, the benchmark 62% fines increased 1.6% to US$66.81 a tonne overnight. This means the iron ore price is now trading at its highest level since early in May.

The Crowd Mobile Ltd (ASX: CM8) share price is up 13.5% to 21 cents after the mobile technology company reported record fourth-quarter revenues. Crowd Mobile delivered revenue of $11.6 million in the fourth-quarter, which means full-year revenue rose to $43.9 million. This could be one to watch.

The GetSwift Ltd (ASX: GSW) share price is up 4% to $1.08. Investors have been fighting to get hold of the logistics software platform provider's shares since it reported that it has surpassed the 250,000 deliveries in a month milestone. I believe this growth makes GetSwift one of the most exciting small-caps on the ASX at present.

The Kyckr Ltd (ASX: KYK) share price is up 10% to 22 cents today after the regulatory technology company announced a multi-year agreement with Bloomberg. The agreement will see Kyckr provide access to business registry data to customers of various Bloomberg products. Kyckr is flying under the radar of most investors, but is well worth taking a closer look at in my opinion.

The post Why these 4 ASX shares have climbed higher today appeared first on The Motley Fool Australia.

You're probably right — I'm likely dreaming.

They're everywhere, and we're collectively poorer for it. There are some good spinners, but many go too far… even as far as the company itself. Let me, with tongue somewhat in cheek, count the ways:

Adding 'International' to your name

If you're truly international, you don't have to tell people. If you feel the need to tell people, you might be trying a little too hard. Step forward Cash Converters International Ltd (ASX:CCV) — which I own, unfortunately — and Catapult Group International Ltd (ASX:CAT).

Putting a number in your ASX code

Yes, yes, you're cool. And funky. And possibly hip. But spare me from companies that put numbers in their tickers. 1-Page Ltd (ASX:1PG), Shark Mitigation Systems Ltd (ASX:SM8), Crowd Mobile Ltd (ASX:CM8), I'm looking at you.

Of course there are exceptions to the rule. But invest carefully. You might even consider boring, staid — but profitable — dividend shares!

The post Danger Will Robinson: Don't buy these shares! appeared first on The Motley Fool Australia.