OverviewSuggest Edit

FOMO (formerly known as 2050 Motors) is a company focused on business incubation and acceleration. It invests in and advises emerging internet companies aligned with growth mandate. The company is developing direct investment and affiliations as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies. FOMO owns and operates kanab.club, a social network site for the cannabis industry.

TypePublic
Founded1990
HQGeneva, US
Websitefomo.win

Latest Updates

Share Price (Oct 2020)$0 (+9%)
Cybersecurity ratingAMore

Key People/Management at FOMO

Vik Grover

Vik Grover

CEO

FOMO Office Locations

FOMO has an office in Geneva
Geneva, US (HQ)
25 N River Ln #2050
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FOMO Financials and Metrics

FOMO Revenue

USD

Net income (Q3, 2019)

(7.3k)

EBIT (Q3, 2019)

(51.1k)

Market capitalization (20-Oct-2020)

2.3m

Closing stock price (20-Oct-2020)

0.0

Cash (30-Sept-2019)

10.1k

EV

2.5m
FOMO's current market capitalization is $2.3 m.
Annual
USDFY, 2016FY, 2017FY, 2018

General and administrative expense

709.5k270.6k217.2k

R&D expense

66.1k28.4k

Operating expense total

775.7k299.0k291.6k

EBIT

(775.7k)(299.0k)(291.6k)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

General and administrative expense

68.8k88.4k48.7k110.3k59.3k23.7k34.4k37.2k51.1k

R&D expense

3.0k3.6k1.6k

Operating expense total

71.8k92.0k50.2k110.3k59.3k23.7k34.4k37.2k51.1k

EBIT

(71.8k)(92.0k)(50.2k)(110.3k)(59.3k)(23.7k)(34.4k)(37.2k)(51.1k)
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

11.8k499.01.0

Prepaid Expenses

20.0k

Current Assets

31.8k499.01.0

PP&E

65.0k31.7k
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

17.9k24.01.3k22.1k9.0132.02.9k50.010.1k

Prepaid Expenses

20.0k20.0k20.0k2.5k

Current Assets

37.9k20.0k21.3k5.4k50.010.1k

PP&E

55.5k46.7k38.8k24.9k18.2k11.4k
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(1.0m)(1.3m)(1.9m)

Depreciation and Amortization

39.3k33.3k31.7k

Accounts Payable

35.1k4.2k(20.8k)

Cash From Operating Activities

(258.9k)(233.6k)(120.8k)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(48.6k)(213.5k)(809.3k)(1.5m)(1.1m)(1.6m)(959.1k)363.6k354.1k

Depreciation and Amortization

9.5k18.2k26.2k6.8k13.5k20.3k

Accounts Payable

(7.7k)15.3k6.7k20.0k6.3k4.2k4.8k4.8k4.8k

Cash From Operating Activities

(47.6k)(131.5k)(155.2k)(49.9k)(108.9k)(189.0k)(25.1k)(40.5k)(65.1k)
USDFY, 2016

Debt/Equity

-0.7 x

Debt/Assets

2 x

Financial Leverage

-0.3 x
Show all financial metrics

FOMO Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

FOMO Online and Social Media Presence

Embed Graph

FOMO News and Updates

FOMO CORP. AND PURGE VIRUS, LLC ANNOUNCE ACQUISITION CLOSING

Chicago, IL, Oct. 19, 2020 (GLOBE NEWSWIRE) -- FOMO CORP. (US OTC: ETFM) and Purge Virus, LLC (PV–https://purgevirus.com/) are pleased to announce that the acquisition of PV by FOMO has been completed, effective October 19, 2020. Under the terms of the all-stock acquisition, PV has transferred all…

Investor FOMO To JOMO: How To Manage Startup Hype As A VC

Startups are encouraged to create as much ‘hype’ as possible when raising funding, as a way to boost their value and speed up investment rounds. But from an investor’s perspective, FOMO can impact your ability to think clearly and make an objective decision.

Investor FOMO To JOMO: How To Manage Startup Hype As A VC

Startups are encouraged to create as much ‘hype’ as possible when raising funding, as a way to boost their value and speed up investment rounds. But from an investor’s perspective, FOMO can impact your ability to think clearly and make an objective decision.

FOMO CORP. AND PURGE VIRUS LLC ANNOUNCE DEFINITIVE AGREEMENT SIGNING

Chicago, IL, Sept. 30, 2020 (GLOBE NEWSWIRE) -- FOMO CORP. (US OTC: ETFM) and Purge Virus, LLC are pleased to announce they have signed a definitive agreement for the acquisition of Purge Virus, LLC by FOMO CORP. The all-stock acquisition provides several notable benefits to the two companies, the…

FOMO CORP. Agrees to Buy Purge Virus

Chicago, IL, Aug. 27, 2020 (GLOBE NEWSWIRE) -- FOMO CORP. (US OTC: ETFM) is pleased to announce that it has signed a letter of intent (LOI) to acquire Purge Virus (www.purgevirus.com), a provider of COVID-19 disinfection technology, supplies and Personal Protective Equipment (PPE) products/service…

Bull In A China Shop: When The Fed Buys Microsoft Bonds It Is FOMO Time!

As per recently published Fed data, it bought Microsoft bonds as part of its new secondary market corporate credit facility. Microsoft happens to be worth over 1.5 TRILLION and one of the most valuable companies in the world, with lots of profits and cash behind it.
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FOMO Frequently Asked Questions

  • When was FOMO founded?

    FOMO was founded in 1990.

  • Who are FOMO key executives?

    FOMO's key executives are Vik Grover.

  • Who are FOMO competitors?

    Competitors of FOMO include Ather Energy, Drako Motors and Droom Technology.

  • Where is FOMO headquarters?

    FOMO headquarters is located at 25 N River Ln #2050, Geneva.

  • Where are FOMO offices?

    FOMO has an office in Geneva.

  • How many offices does FOMO have?

    FOMO has 1 office.