Pet market entry sends Tinybeans (ASX:TNY) share price on the move

The Tinybeans Group Ltd (ASX: TNY) share price was on the move today following a new product update.

At the open, shares in the baby-parent-centric social media platform jumped 5.1%. Although, the move lost momentum throughout the day. The Tinybeans share price settled the day with a 0.3% gain to $1.47 per share.

Fur babies welcome

Previously, Tinybeans has been focused on providing a private social network for parents to share their baby’s moments with loved ones. However, today marks the entrance of ‘Pets’, which will be a complementary addition.

The company has built a business model around a “freemium” offering. That means…