Lawmakers recently unveiled a bipartisan bill that seeks to ban popular Chinese short-video platform TikTok in the U.S. The bill comes after years of concern from administrations under former President Donald Trump and President Joe Biden that the Chinese government could possibly be using the platform to spy on U.S. citizens and their data. This can be seen as a positive for BBIG stock, as Vinco operates Lomotif, a platform that competes with TikTok. In October, the platform launched the beta version of Lomo ads, which will allow it to offer “programmatic and automatic advertising.” The former ZASH CEO Erik Finman tweeted out a letter to Vinco’s board. Finman has remained quiet on Twitter since the cease-and-desist letter . . .
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