Vyvo’s father or mother firm Helo Corp has introduced plans to “discontinue the Firm’s community advertising operations globally”.
There isn’t a selected date Helo Corp plans to close down Vyvo however, as per a September twenty seventh press-release, it’s anticipated to happen in This fall 2022.
Apparently, Helo Corp additionally claims it intends to
launch an affiliate-based buyer acquisition enterprise mannequin and worldwide e-commerce platform.
I is likely to be studying an excessive amount of into it however this sounds just like the dreaded, “screw your distributors over and steal their clients” route.
Vyvo launched in early 2019 as a reboot of World World Community, itself a reboot of World Cellular Community.
BehindMLM reviewed Vyvo in March 2019. We weren’t impressed with the “unbelievably messy” state of the enterprise.
Vyvo’s company construction has at all times been deliberately murky, however the lengthy and the wanting it’s all the pieces is owned by Fabio Galdi.
Formally Galdi (proper) is Helo Corp’s Chairman of the Board and CEO and President of Vyvo.
Curiously, it was solely again in April that Helo Corp boasted of a 685% improve in annual web revenue for 2021.
That is in stark distinction to their September twenty seventh press-release;
“Our income continues to be negatively impacted by difficult market circumstances, particularly with respect to our community advertising distribution channel,” mentioned Sean McVeigh, Chief Government Officer.
I don’t have any income figures however visitors to Vyvo’s web site is down throughout the board:
One other potential contributing issue is Vyvo’s cryptocurrency integration.
For higher or worse, Helo Corp intends to proceed follow its blockchain platform.
Starting within the fourth quarter, the Firm plans to maneuver ahead on contribut(ing) to the event of a blockchain-based decentralized well being knowledge platform designed to allow our clients to personal, management and monetize their private well being knowledge.
Exterior of “as a result of blockchain”, I do not know why anybody would need their private well being information and data on a decentralized platform for anybody to steal view.
