Meme stock Vinco Ventures drops as CEO, CFO resign

Vinco Ventures

20/10/2021 12:12

** Shares of e-commerce firm and meme darling  BBIG.O  slip
16.8% to $6.47 premarket, set for worst day in over a month
    ** Christopher Ferguson resigns as CEO, effective Oct 25;
Brett Vroman also steps down as CFO and treasurer, effective
Nov. 4  urn:newsml:reuters.com:*:nFWN2RF180
    ** Vroman to join as CFO and treasurer of Cryptyde Inc, a
wholly owned subsidiary of BBIG
    ** BBIG appoints Lisa King as new CEO and president, while
Philip Jones to take the role of CFO
    ** About 1.2 mln shares of the Bethlehem, Pennsylvania-based
company have traded so far, ~2% of their 30-DMA volume
    ** Stock is #1 on most active tickers on investor-focused
social media site stocktwits.com as message volume spiked in the
last 24 hours
    ** Several users on Reddit's r/Shortsqueeze have discussed
the co and their plans for the stock in the last 24 hours
    ** As of last close, stock had risen by 467.9% YTD amid
retail trading frenzy

 (Reporting by Devik Jain and Bansari Mayur Kamdar in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))