Welcome to our dedicated page for Rumble news (Ticker: RUM), a resource for investors and traders seeking the latest updates and insights on Rumble stock.
Rumble Inc. (symbol: RUM) is a dynamic, high-growth video-sharing platform that allows users to watch, share, like, comment, and upload their own videos. The platform supports both video-on-demand and live streaming content, enabling creators to engage with their audience in real-time. Users can subscribe to their favorite channels to stay updated with the latest content from creators.
Rumble Inc. focuses on generating revenue primarily from the United States. The company is not just a video platform; it is also a cloud services provider that prides itself on creating an independent infrastructure. Rumble's mission is to restore the internet to its roots by promoting a free and open internet. This mission is reflected in its commitment to providing an unfiltered and unbiased platform for content creators and consumers alike.
Rumble has been making headlines recently with its aggressive stance against major tech companies. Notably, Rumble has filed a lawsuit against Google, alleging anti-competitive and exclusionary practices. The lawsuit claims that Google's monopolistic behavior in the digital advertising market has unfairly impacted Rumble's growth. This legal action highlights Rumble's determination to challenge industry giants and advocate for a more equitable digital ecosystem.
In terms of financial performance, Rumble recently announced its fourth quarter and full-year 2023 results, demonstrating strong growth and financial health. The company continues to attract investor interest, and its upcoming earnings conference call is highly anticipated by stakeholders.
Rumble's partnerships and collaborations further bolster its position in the market. For instance, the platform hosts the popular podcast
Rumble has filed a lawsuit against New York Attorney General Letitia James, challenging a new law aimed at regulating online speech. The law mandates social media platforms to create policies regarding speech that may 'vilify, humiliate, or incite violence' against protected classes, potentially encompassing constitutionally protected expressions. Non-compliance may lead to fines and investigations. Rumble's CEO Chris Pavlovski expressed concerns that this law could suppress lawful speech. The lawsuit is supported by the Foundation for Individual Rights and Expression and constitutional law expert Eugene Volokh.
Rumble Inc. (NASDAQ: RUM) reported a record Q3 2022 revenue of $11.0 million, up 430% from Q3 2021 and 150% from Q2 2022. Monthly Active Users surged 97% year-over-year to 71 million, with 57 million from the U.S. and Canada. The company launched its in-house ad platform ahead of schedule, enhancing monetization opportunities. Despite these achievements, the company recorded an operating loss of $7.8 million, reflecting increased operational expenses. Rumble retained nearly all cash from its recent business combination, totaling $356.7 million in cash equivalents.
Rumble (NASDAQ: RUM) has announced the exclusive release of JP Sears' comedy special titled Please Censor This! on its subscription platform, Locals. Sears, a comedian with over 2.7 million YouTube subscribers, aims to create a community for his audience by sharing bonus content and hosting livestreams. This release is positioned as a victory for free speech and creator independence, emphasizing Locals' commitment to empowering independent creators through diverse features. The special can be purchased on the Locals platform.
Rumble has launched Rumble.Store, an online store offering official Rumble merchandise, including made-in-the-USA t-shirts and hats available for pre-order. The store aims to expand its collection with creator-inspired merchandise in the future. Rumble's CEO, Chris Pavlovski, expressed enthusiasm for empowering the community with products that reinforce their mission of a free and open internet. This launch marks a step towards diversifying revenue streams and enhancing brand loyalty among its user base.
Rumble has launched a beta version of pre-roll video ads on its Rumble Advertising Center, enhancing monetization opportunities for the platform and its creators. This new ad format, in addition to existing display ads, aims to create higher CPMs and payouts for video content creators. Rumble's CEO, Chris Pavlovski, emphasizes the milestone for monetization and creator support, seeking to establish a creator-friendly platform that rewards independence.
Rumble, a video-sharing platform (NASDAQ: RUM), has introduced a new feature for its iOS and Android applications that allows creators to send instant notifications to their subscribers about livestreams.
This enhancement is expected to help creators expand their audiences, increase engagement with their content, and ultimately boost earnings. Rumble positions itself as a high-growth platform committed to restoring a free and open Internet. For more information, visit Rumble's corporate site.
Rumble Inc. (NASDAQ: RUM) will announce its third-quarter financial results on November 14, 2022, after market close. A conference call will follow at 5:00 p.m. ET, allowing investors to access live webcasts and related materials. Rumble positions itself as a neutral video-sharing platform dedicated to fostering an open internet resistant to cancel culture. This event is essential for investors monitoring Rumble's growth trajectory and market performance.
Rumble announced the independent release of Jack Vale's documentary, 'The Long Road Home', on its subscription platform, Locals, emphasizing creator ownership and distribution freedom. The film shares the personal journey of musician Johnny Cash and his family's struggle with substance abuse. Vale expressed excitement about utilizing Content+, a feature that facilitates independent creators' content distribution. Assaf Lev, President of Locals, highlighted the platform's success in meeting creators' needs, indicating strong demand for independent film hosting.
Rumble has donated $100,000 to Florida’s Disaster Fund to assist recovery efforts for those affected by Hurricane Ian. Rumble's Chairman and CEO, Chris Pavlovski, expressed the company's commitment to supporting the local community and extending thoughts and prayers to impacted individuals, including their employees. The donation reflects Rumble's dedication to its new Florida home. For further details, visit Rumble's website.
Rumble (NASDAQ: RUM) has launched the Content+ feature on its community platform Locals, following a successful beta program. This new addition enables creators to monetize on-demand content such as movies and specials, thus providing an alternative revenue stream. Creators can offer Content+ as a stand-alone purchase or as a part of their subscription perks. The initiative aligns with Rumble's commitment to support independent content creators, positioning Locals as a vital platform for creative discourse and audience engagement.
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