$Vinco Ventures, Inc.(BBIG)$ H

2021-09-14

$Vinco Ventures, Inc.(BBIG)$ HOLD!!!
SUMMARY, KNOW WHAT YOU HAVE!!! ???

ZASH Global Media, Vinco Ventures Complete Acquisition Of TikTok Rival Lomotif.

The merger makes Lomotif one of the top global pure-play video-sharing social networks owned by a public U.S. company.

Lomotif currently has content deals with Instagram, Facebook, and Snapchat $FB $SNAP

The combination creates a portfolio of powerful media and entertainment combined with one of the top short-form video platforms. The company will have short-form videos combined with user-generated content.

Lomotif has 31 million on-platform monthly active users and over 225 million downloads in over 200 countries. Over 300 million videos are watched on Lomotif each month, according to the companies.

A valuation shows the value of the combined ZASH and Lomotif units at $5 billion based on SensorTower data.

Lomotif will change its name to LoMo and complete a full rebranding and repositioning campaign in North America.

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