LOPX - Vinco Ventures: Social Networking Powerhouse In The Making
- After multiple delays, the Cryptyde distribution date is set for tomorrow (29 June).
- This move will help unlock value and facilitate the ZASH-Vinco merger.
- Vinco is now included in the Russell 3000 Index and revenue increased by almost 350% compared to Q1 2021, reflecting the impact of the inclusion of AdRizer.
- Lomotif is going from strength to strength, considered as a top rival to TikTok. So far, more than 225 million creators worldwide have downloaded and used Lomotif. Momentum is building. In India alone, where TikTok is banned, Lomotif has more than 40 million active users.
- Through Lomotif, Vinco is poised to become is one of the top global, pure play video-sharing social networking platforms to be owned by a U.S. publicly traded company, competing with TikTok and Kuaishou. This implies a multibillion dollar valuation, yet Vinco's market cap barely makes it to the half a billion mark, implying huge upside potential.
For further details see:
Vinco Ventures: Social Networking Powerhouse In The Making