HomeFinancial MarketsColor Star Technology Inc. (CSCW) stock declines during after-hour. Here’s the latest...

Color Star Technology Inc. (CSCW) stock declines during after-hour. Here’s the latest update.

Color Star Technology Inc. (NASDAQ: CSCW) stock surged by 19.12% at last close whereas the CSCW stock-price plunge by 5.7% in the after-hours trading session. Color Star Technology is a digital entertainment and education firm that offers virtual entertainment and music instruction services.

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CSCW stock’ Significant Development

Color China Entertainment, a wholly-owned subsidiary of Color Star, and Shaquille O’Neal, a world-class basketball player and NBA Hall of Famer, have signed a collaboration agreement, according to Color Star Technology. On March 29, 2021, the two companies formally agreed for Shaquille O’Neal to become a celebrity educator on Color Star’s entertainment sharing and interaction platform, Color Star APP. He’ll share his experiences as a basketball player and teach basketball-related material online.
Color Star aims to integrate and develop multicultural businesses through intelligent technology as an entertainment technology firm. Color Star is continuously addressing the demands of its members, from entertainment acts to augmented reality to sporting activities.

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Color Star’s work with O’Neal is a precursor of Color Star APP collaborations with sports personalities. O’Neal will be able to draw more followers to the Color Star APP as an internationally renowned basketball superstar, and as a celebrity entertainment interaction platform, Color Star will include superstars from the entertainment sector as well as the sports arena. Color Star APP will offer additional chances for in-depth cooperation with celebrities from various sectors in the future. The Company anticipates further breakthroughs and growth in the number of APP users as a result of the inclusion of new celebrities.

The CEO of CSCW Stock, Mr. Basil Wilson, stated,

They’re very excited to be able to welcome NBA legends like Mr. O’Neal to join their platform. He adds not just in-depth basketball expertise to their cooperation, but also additional sports enthusiasts to the Color Star platform. They will strive to welcome additional world-class athletes to join the Color Star team in the future so that their members may benefit from greater information sharing.

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