Helo Corp, the mother or father firm of Vyvo, has said that it’ll “discontinue the corporate’s community advertising and marketing operations globally.”
Helo Corp has not set a selected date for the shutdown of Vyvo, however in keeping with a press assertion dated September 27, it’s anticipated to occur in This fall 2022.
It is fascinating to notice that Helo Corp says it plans to
launch a worldwide e-commerce platform and an affiliate-based buyer acquisition enterprise mannequin.
This sounds just like the dreaded “screw your distributors over and steal their clients” technique, though I might be studying an excessive amount of into it.
Starting in 2019, Vyvo changed World World Community, which had been changed by World Cell Community.
Vyvo was examined by us March 2019. The “unbelievably soiled” state through which the enterprise was working didn’t impress us.
The organizational hierarchy of Vyvo has at all times been purposefully ambiguous, however the quick model is that Fabio Galdi is the one proprietor.
Formally, Galdi (proper) is the CEO and President of Vyvo in addition to the Chairman of the Board of Helo Corp.
Oddly, Helo Corp solely introduced a 685% rise in yearly web income for 2021 again in April.
That is in sharp distinction to their press announcement on September 27;
In line with CEO Sean McVeigh, “tough market circumstances proceed to considerably affect our income, notably with respect to our community advertising and marketing distribution channel.”
I haven’t got any income numbers, however Vyvo’s web site site visitors is mostly declining.
The combination of cryptocurrencies into Vyvo may additionally be a big ingredient.
Helo Corp goals to persevere with its blockchain platform whether or not issues go properly or not.
As a way to give our clients the power to personal, management, and monetize their private well being knowledge, the corporate expects to begin contributing to the development of a blockchain-based decentralized well being knowledge platform within the fourth quarter.
I don’t know why somebody would need their private well being information and knowledge on a decentralized platform for anybody to steal, besides from “as a result of blockchain.”