Why Is Vinco Ventures (BBIG) Stock Down 20% Today?
Why Is Vinco Ventures (BBIG) Stock Down 20% Today?
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As if digital-media-focused business development firm Vinco Ventures (NASDAQ:BBIG) needed any more drama to add to its eventful time in the market this year, it released an alarming disclosure that it thwarted a hostile takeover attempt. Later, Vinco stated via a tweet that the aforementioned statement did not receive proper authorization. Amid the confusion, BBIG stock dropped about 20% in afternoon trading.
就好像专注于数字媒体的业务开发公司一样 Vinco 风险投资公司 （纳斯达克：BBIG）需要更多的戏剧性来延长其今年在市场上的动荡时期，它发布了一份令人震惊的披露，称其挫败了敌对收购企图。后来，Vinco在一条推文中表示，上述声明没有得到适当的授权。在混乱中，BBIG股票在下午的交易中下跌了约20％。
According to a press release issued on Monday, July 25 at 8:46 p.m. Eastern, Vinco stated that it terminated Theodore Farnsworth — the former CEO of Helios and Matheson Analytics (OTCMKTS:HMNY) and chairman of MoviePass — as its co-CEO less than 72 hours after he was appointed.
根据美国东部时间7月25日星期一下午8点46分发布的新闻稿，Vinco表示解雇了前首席执行官西奥多·法恩斯沃思 Helios 和 Matheson 分析 (OTCMKTS:HMNY) 兼董事长 MovePass — 在他被任命不到72小时后担任联席首席执行官。
In addition, the announcement stated that it terminated "Lisa King as the President of ZVV Media Partners, LLC and former CEO of the Company, Erik Noble as the Company's Chief Security Officer and any other role, and any and all arrangements between the Company and Roderick Vanderbilt, including as business development director and Chairman of the Board."
此外，该公告指出，它终止了 “丽莎·金担任ZVV Media Partners, LLC总裁兼公司前首席执行官的职务，埃里克·诺布尔担任公司首席安全官的职务，以及公司与罗德里克·范德比尔特之间的所有安排，包括业务发展总监和董事会主席的职务。”
Specifically, Vinco refers to Farnsworth, King, Noble and Vanderbilt collectively as the Farnsworth Group, which allegedly attempted a hostile takeover of BBIG stock, initially sparked by an authorization — and subsequent prevention of corrective filing — of a false Form 8-K. Under this misleading document, it stated that Farnsworth had been appointed as Vinco's co-CEO.
具体而言，Vinco 将法恩斯沃思、金、诺布尔和范德比尔特统称为 法恩斯沃思集团，据称该公司企图敌对收购BBIG股票，最初是由一份虚假的8-K表的授权引发的，随后又阻止了提交更正申报。在这份误导性文件中，它表示法恩斯沃思已被任命为Vinco的联席首席执行官。
Needless to say, the development had many folks scratching their heads regarding BBIG stock. But if that wasn't bad enough, management made the whole matter even more confusing.
毋庸置疑，这一事态发展让许多人对BBIG的股票感到不安。但是，如果这还不够糟糕的话，管理层会让整个问题变得更加混乱。
BBIG Stock and the Unnecessary Distraction
BBIG 股票和不必要的干扰
While market observers were busy digesting the disclosure about the hostile takeover attempt, Vinco through its Zash Global account tweeted late night on July 25 that it did not authorize the statement in question. This only added more perplexity to a massively confusing circumstance. Naturally, investors were not amused, sending BBIG stock tumbling the next day. For further details about the ordeal, InvestorPlace Assistant News Writer Eddie Pan provided a comprehensive but succinct breakdown.
当市场观察家忙于消化有关敌对收购企图的披露时，Vinco通过其Zash Global账户在7月25日深夜发推文说，它没有批准该声明。这只会使极其混乱的情况更加令人困惑。当然，投资者并不感到开心，这使BBIG的股票第二天暴跌。有关这场磨难的更多细节， 投资者广场 助理新闻作家埃迪·潘提供了全面但简洁的细分。
Fundamentally, the matter is somewhat tragic because Vinco — despite its odd business structure — made headway with Lomotif. The platform is a video-sharing network that rivals China-based ByteDance creation TikTok. However, the popular video app's parent company finds itself in hot diplomatic water, courting accusations from lawmakers of illicit data collection of U.S. TikTok users.
从根本上讲，这件事有些悲惨，因为尽管Vinco的业务结构很奇怪，但还是与Lomotif取得了进展。该平台是一个视频共享网络，可与中国的视频共享网络相媲美 字节跳动 创作抖音。但是，这款流行的视频应用程序的母公司发现自己陷入了外交困境，这引起了议员们对美国TikTok用户非法收集数据的指控。
Under the speculative framework, bullish proponents of BBIG stock likely bid up shares as ByteDance's woes accumulated heavily. However, one company's trash isn't necessarily another firm's treasure. In this case, Vinco needs to focus on its internal conflicts before it's in a position to advantage competitive shortfalls.
在投机框架下，随着ByteDance的困境积累，BBIG股票的看涨支持者可能会买入股票。但是，一家公司的垃圾不一定是另一家公司的宝藏。在这种情况下，Vinco需要先专注于内部冲突，然后才能利用竞争缺口。
Of course, the main issue is that Vinco is the struggling upstart in this narrative. It likely can't afford too many of these embarrassing incidents before it shakes the confidence of its supporters.
当然，主要问题是Vinco是这个叙事中苦苦挣扎的暴发户。在动摇支持者的信心之前，它可能承受不起太多这样的令人尴尬的事件。
The Importance of Clarity
清晰度的重要性
On a final note, the University of Kansas conducted research that demonstrated too much executive turnover hurts companies. While modest shaking of the top ranks can help remove cobwebs and improve overall corporate performance, going overboard ends up creating net negative results.
最后，堪萨斯大学进行的研究表明，高管人员流失过多会对公司造成损害。尽管适度调整最高排名有助于消除蜘蛛网和改善企业整体业绩，但过度调整最终会造成净负面业绩。
Logically, then, it stands to reason that chaotic shuffling of executive roles — along with cryptic recanting of critical information — will hurt organizations even more so. Thus, the volatility of BBIG stock isn't surprising. And unless management gets a grip on the matter, the pain could continue.
因此，从逻辑上讲，高管职位的混乱改组，以及隐秘地撤回关键信息，对组织的伤害将更大，这是有道理的。因此，BBIG 股票的波动性不足为奇。而且，除非管理层能控制住这个问题，否则痛苦可能会持续下去。
On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
出版之日，Josh Enomoto 没有（直接或间接）持有本文所述证券的任何头寸。本文中表达的观点是作者的观点，受InvestorPlace.com的约束出版指南。
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