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 Inc. (NASDAQ: RUM), a video-sharing platform and cloud services provider, has announced its participation in Oppenheimer's 27th Annual Technology, Internet & Communications Conference. The virtual event is scheduled for August 12-14, 2024. Chris Pavlovski, Rumble's Chairman and CEO, will engage in a fireside chat with Oppenheimer analyst Jason Helfstein on Tuesday, August 13, 2024, at 10:45 a.m. ET. The chat will be accessible for viewing online. Additionally, Rumble's management team will be available for virtual one-on-one and small group meetings with investors on the same day. Interested parties can schedule meetings through their Oppenheimer representative or by emailing investors@rumble.com.
Rumble (NASDAQ:RUM), a video-sharing platform and cloud services provider, has joined X in filing antitrust lawsuits against an alleged advertising cartel. The suit, filed in the U.S. District Court for the Northern District of Texas, names the World Federation of Advertisers (WFA), WPP, and GroupM Worldwide as defendants. The lawsuit alleges a conspiracy to withhold advertising revenue from Rumble and other digital media platforms through the Global Alliance for Responsible Media (GARM) initiative.
The complaint argues that GARM established arbitrary content standards used to perpetrate an advertiser boycott against Rumble and others. Rumble seeks a declaration of illegal conduct, a permanent injunction, damages, and legal fees. The U.S. House Judiciary Committee is also investigating this matter, with a July interim report suggesting the conduct is likely illegal under antitrust laws.
Rumble (NASDAQ: RUM), a video-sharing platform and cloud services provider, has launched its new Xbox app. This release allows users to stream live and on-demand content from creators 24/7 on their Xbox devices. The app supports all Xbox models from 2013 third-generation onwards and offers access to a variety of content, including gaming creators, exclusive podcasts, live sports, political pundits, and more.
This expansion adds to Rumble's existing availability on platforms like Apple TV, Roku, Amazon Fire TV, LG Smart TVs, and Samsung TV apps. CEO Chris Pavlovski highlighted that this launch enhances the company's video distribution capabilities and supports the independent creator economy while improving viewer experience. Future updates will include outbound in-console streaming functionality.
Rumble Inc. (NASDAQ: RUM), a video-sharing platform and cloud services provider, has announced the timing for its second quarter 2024 earnings release. The company will disclose its financial results for the quarter ending June 30, 2024, after market close on Monday, August 12, 2024. Following the release, Rumble will host a conference call at 5:00 p.m. Eastern Time on the same day. Investors and interested parties can access the live webcast and replay of the conference call, along with related earnings materials, on Rumble's website and Investor Relations page at investors.rumble.com.
Rumble (NASDAQ: RUM), a video-sharing platform and cloud services provider, has announced partnerships with three exclusive Rumble-branded products: Pawsitive (healthy pet foods), Be Naked (male health), and 5G Free (EMF wellness). These brands support Rumble's mission of a free and open internet and bolster its parallel economy ecosystem.
The new products are available online at their respective websites. This expansion follows the success of Rumble's 1775 Coffee brand, launched in February, which now has an annualized run rate exceeding $1 million. Rumble aims to enhance creator monetization through these partnerships, addressing the issue of brand advertisers boycotting platforms that allow diverse opinions.
Rumble (NASDAQ:RUM), a video-sharing platform and cloud services provider, announced that its top content creators will host live shows at the Republican National Convention in Milwaukee from July 15 to July 19, 2024.
The event will culminate in the formal nomination of former President Donald Trump as the Republican candidate. Creators like Dan Bongino, Russell Brand, Louder with Crowder, Donald Trump Jr., and others will participate.
Rumble Chairman and CEO Chris Pavlovski emphasized the platform's commitment to free speech and diverse perspectives. Rumble is a sponsor of the convention’s host committee and the exclusive live-streaming partner for the Republican Presidential Primary Debates.
For more information, visit the Rumble corporate site or contact press@rumble.com.
Rumble (NASDAQ: RUM) reported a significant milestone during the recent debate night in America on June 28, 2024. The platform reached a new peak of 718,909 concurrent live viewers, according to Streams Charts.
This figure represents the highest number of simultaneous viewers in the platform's history. Additionally, Rumble set a new record for bandwidth throughput on its Content Delivery Network (CDN).
Top content creators on Rumble, including Dan Bongino and Steven Crowder, ranked among the top five live streams globally, with Bongino's audience surpassing NBC News’ viewership on YouTube. Combined, these channels garnered over 2 million views.
CEO Chris Pavlovski highlighted the shift towards Rumble for unfiltered election coverage, indicating a growing preference for the platform over traditional media outlets.
Rumble, a video-sharing and cloud services platform (Nasdaq: RUM), announced that PublicSquare (NYSE: PSQH), a leading commerce and payments ecosystem, plans to migrate its Marketplace segment to Rumble Cloud. This partnership aims to create an 'uncancellable' ecosystem by aligning with value-driven businesses.
Chris Pavlovski, CEO of Rumble, expressed excitement about the collaboration, emphasizing the fit between the two companies. Michael Seifert, CEO of PublicSquare, highlighted the move as a step towards ensuring long-term success and growth for the parallel economy.
Rumble aims to restore a free and open internet, while PublicSquare helps consumers align purchases with their values through its Marketplace, Financial Technology, and Brands segments.
On June 13, 2024, Rumble (Nasdaq: RUM), a video-sharing platform, and cloud services provider, sent a letter to the London Stock Exchange Group (LSEG) CEO, David Schwimmer. The letter addresses errors in LSEG's calculation of Rumble's voting rights, which could lead to Rumble's exclusion from the Russell 3000 Index. Rumble asserts that LSEG's staff incorrectly calculated its voting rights, claiming that publicly held shares of Rumble comprise over 5.5% of the total voting rights, well above the Russell 3000's 5.0% minimum threshold. Despite multiple requests from Rumble, LSEG has not corrected this error, potentially misleading investors.
Rumble (NASDAQ: RUM) has announced that the popular podcast “Breaking Points” has chosen Rumble and Locals as its new subscription platforms. Paying community members on Locals will enjoy full access to the show, exclusive content, and interactive Q&A sessions. Free segments will remain available on various platforms like Apple Podcasts and Spotify. This partnership aligns with Rumble's commitment to free speech and aims to grow the podcast's audience further. The podcast, hosted by Krystal Ball and Saagar Enjeti, is known for its anti-establishment commentary and has millions of fans.
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