an opening print of $3.10 to close at $2.03 and posted a loss of just under 68% for Thursday. It was an inauspicious start. Cryptyde is a spin-off from Vinco Ventures . Each shareholder of BBIG got one share of Cryptyde for every ten shares of BBIG held. The original spin-off was due to distribute in May but was delayed until this week. Cryptide is a holding company that operates primarily in the crypto mining space.
money flowed into high-risk assets. That ship has sailed, and it is a much harsher environment for risk assets currently. There is unlikely to be any change to that environment in the short term. Technically, there is nothing to forecast, and it is hard to get a grasp on any financial data for TYDE. The latest SEC filing does show revenue growing from $1.7 million to $3.7 million from Q1 2021 versus Q1 2022.
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