There’s Lots of Stocks Out There Better Than Venco Ventures
Digital media company Vinco Ventures (NASDAQ: BBIG ) announced at the end of May that it would delay the spin-off of its Cryptyde subsidiary until the end of June. BBIG stock fell 12% on the news. The only other piece of news out of the company in recent days is the 13G filed by unknown Five Narrow Lane on May 27. According to Vinco’s latest proxy, the 13G said the investment firm owns 9.7% of Vinco’s stock, making it the second-largest shareholder behind Hudson Bay Capital Management , which owns just less than 10%, according to Vinco’s latest proxy. InvestorPlace’s Muslim Farooque believes that BBIG is one of the seven best Reddit stocks to buy in June. I have said Vinco is nothing more than an exercise in paper shuffling . The fact that it’s spinning off Cryptyde when crypto and NFTs are sucking fumes only confirms my theory. I would suggest that almost any similarly-sized business is a better choice than Vinco Ventures. Ticker Company Current Price BBIG Vinco Ventures, Inc. $2.09 An Overlooked Fintech Platform I’m not suggesting that MoneyLion (NYSE: ML ) is in the same league as SoFi Technologies (NASDAQ: SOFI ).
There’s Lots of Stocks Out There Better Than Venco Ventures
Digital media company Vinco Ventures (NASDAQ: BBIG ) announced at the end of May that it would delay the spin-off of its Cryptyde subsidiary until the end of June. BBIG stock fell 12% on the news. The only other piece of news out of the company in recent days is the 13G filed by unknown Five Narrow Lane on May 27. According to Vinco’s latest proxy, the 13G said the investment firm owns 9.7% of Vinco’s stock, making it the second-largest shareholder behind Hudson Bay Capital Management , which owns just less than 10%, according to Vinco’s latest proxy. InvestorPlace’s Muslim Farooque believes that BBIG is one of the seven best Reddit stocks to buy in June. I have said Vinco is nothing more than an exercise in paper shuffling . The fact that it’s spinning off Cryptyde when crypto and NFTs are sucking fumes only confirms my theory. I would suggest that almost any similarly-sized business is a better choice than Vinco Ventures. Ticker Company Current Price BBIG Vinco Ventures, Inc. $2.09 An Overlooked Fintech Platform I’m not suggesting that MoneyLion (NYSE: ML ) is in the same league as SoFi Technologies (NASDAQ: SOFI ).