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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 (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.
Rumble Inc. (Nasdaq: RUM) reported its Q1 2024 financial results on May 14, 2024. Revenue increased marginally to $17.7 million from $17.6 million in Q1 2023, with expenses rising sharply by 22%. Rumble launched key products, including Rumble Cloud and Rumble Studio Livestreaming. The company announced a significant partnership with Barstool Sports and filed a second antitrust lawsuit against Google. Despite a decline in monthly active users (MAUs) and minutes watched per month (MWPM), the company aims for sequential revenue growth in Q2 2024 and is set to introduce Average Revenue Per User (ARPU) as a key metric. Cash reserves stand at $183.8 million.
Rumble (NASDAQ:RUM) has filed a second lawsuit against Google, alleging violations of the Sherman Antitrust Act due to monopolistic and anticompetitive practices in its digital advertising products, known as the 'ad tech stack.'
The suit was filed in the U.S. District Court for the Northern District of California, seeking over $1 billion in damages and injunctive relief.
Rumble claims Google has monopolized the ad tech stack by buying companies, representing both ad buyers and sellers, and running the exchange, creating conflicts of interest.
Additionally, Rumble alleges Google's practices include tying products to lock in customers and an agreement with Facebook to prevent competition.
This is Rumble's second lawsuit against Google; the first, filed in 2021, is still in active discovery.
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