Video platform Rumble to go public after successful shareholder vote.
Rumble to be listed on stock exchange under ticker "RUM."
Rumble, a video platform founded in Hastings on Hudson, New York, is set to go public after a successful vote by shareholders. The company will be listed on the stock exchange under the ticker "RUM." This move will help the company raise more money to invest in its future growth.
Cantor Fitzgerald CEO Howard Lutnick to lead blank check company taking Rumble public.
Cantor Fitzgerald CEO Howard Lutnick is leading the blank check company that is taking Rumble public. Lutnick has a long history of success in the financial industry, and he is confident that Rumble will be a success story as well.
Rumble founded as YouTube alternative, hosts channels for those kicked off YouTube.
Channels include Infowars host Alex Jones and multiple QAnon influencers.
Rumble was founded in 2013 as a YouTube alternative. The platform hosts channels for those who have been kicked off of YouTube, including Infowars host Alex Jones and multiple QAnon influencers. Rumble is set to go public on Monday, October 10th.
Rumble scheduled to go public Monday.
Rumble is scheduled to go public on Monday, October 10th. The platform has raised $180 million from investors including Peter Thiel's Mithril Capital Management, author J.D. Vance, and hedge fund manager Bill Ackman.
Rumble recently announced exclusive shows from actor Russell Brand and journalist Glenn Greenwald.
On September 21, 2020, it was announced that actor Russell Brand and journalist Glenn Greenwald would be getting their own exclusive shows on the video platform Rumble. The show with Russell Brand will be called "Under the Skin" and will be a weekly interview show where he will explore "the big ideas and issues of our time." The show with Greenwald will be called "Rumble with Glenn Greenwald" and will be a weekly political talk show.
Subsection 3.2 Rumble also manages ad sales for former President Donald Trump's Truth Social platform. On February 10, 2021, it was announced that Trump had launched a new social media platform called Truth Social after he was banned from Twitter following the Jan. 6, 2021, Capitol riot. The platform is being managed by Rumble and they are responsible for all ad sales.
Shares of Cantor Fitzgerald Acquisition Corp. VI., soon to be RUM, down around 14% in afternoon trading.
Rumble vote comes soon after shareholders of a SPAC seeking to take Trump Media and Technology Group public failed to approve a deadline extension for the deal.
Platform has also earned private financing from conservative venture capitalist Peter Thiel as well as author and Senate candidate and "Hillbilly Elegy" author J.D. Vance.
Rumble's share price is down around 14% in afternoon trading on the news that the company will be going public through a special purpose acquisition company (SPAC). This comes after shareholders of a SPAC seeking to take Trump Media and Technology Group public failed to approve a deadline extension for the deal, which would have given Trump access to additional capital.
Rumble has raised private financing from conservative venture capitalist Peter Thiel as well as author and Senate candidate J.D. Vance, best known for his book "Hillbilly Elegy." These investments will help the company as it looks to list on the stock exchange under the ticker "RUM."