BBIG Vinco Ventures the next TikTok???

BBIG announced the closing of the Lomotif Private Limited acquisition.

Lomotif, TikTok`s rival, is one of the top short form video platforms in the world with hundreds of millions of installs around the world and tens of millions of monthly users and over 31 million on-platform monthly active users.

Buying this stock could be like getting into TikTok early.

Third-party independent valuation shows the combined companies have a valuation over $5 billion as of June 30 according to recent private financing comparable valuation by Gemini Valuation Services.

Now the MARKET CAP is only 813Mil.

Based on the Fibonacci extension tool, i see a 11.17usd price target short term and 500% upside one year term.