cfvi - CFVI STOCK NEWS

Rumble has opened a new video streaming and production studio in Miami's Wynwood art district as part of its subscription-based platform, Locals. The studio will provide creators with state-of-the-art equipment for producing high-quality video and audio content, facilitating a self-sufficient environment for creators. Dave Rubin, co-founder of Locals, will be the first user of the studio. This move aims to support Rumble's mission of building an independent ecosystem for content creators while also advancing its business combination with CF Acquisition Corp. VI (NASDAQ: CFVI).

Rumble has launched an article publishing feature on its subscription-based platform, Locals, aimed at enhancing tools for creators. This feature allows creators to format their articles and restrict access to paying subscribers. Rumble's commitment to empowering creators by providing a comprehensive digital platform is underscored by the integration of this feature with its existing subscription model. The company, which is working to establish a neutral video-sharing platform resistant to cancel culture, previously announced a business combination with CF Acquisition Corp. VI (NASDAQ: CFVI) in December 2021.

Rumble has announced a partnership with Truth Social, which is now utilizing the Rumble Advertising Center for its advertising needs. This collaboration allows advertisers to access both Rumble and Truth Social traffic through a single account, enhancing market opportunities for advertisers targeting a new audience. Rumble's CEO, Chris Pavlovski, emphasized the significance of this partnership in expanding their ecosystem. This development follows Rumble's earlier business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI), marking a significant step in Rumble's growth strategy.

Rumble has launched the beta version of Rumble Ads, enhancing its monetization capabilities and marking a significant step towards technical independence. This platform is available to all verified businesses, allowing advertisers to access user traffic, create campaigns, and analyze performance. Initially focused on display ads, the platform will incorporate video and native ads in the upcoming quarter. CEO Chris Pavlovski emphasized the importance of competition to current advertising platforms. This announcement follows Rumble's business combination agreement with CFVI in December 2021.

Rumble's subscription platform, Locals, achieved record growth in Q2 2022, with unpaid members increasing by nearly 150% and paid supporters rising by 106% year-over-year. The platform's transaction value surpassed $7.5 million, representing over 400% growth compared to the same quarter in 2021. This surge is attributed to the ongoing integration with Rumble and the introduction of the Content+ feature, allowing creators to monetize individual content. This growth highlights a significant shift in media consumption towards independent creators.

Rumble has launched free unlimited livestreaming for content creators with over 100 subscribers, a major enhancement to its platform. Previously, this feature required a paid subscription. CEO Chris Pavlovski expressed excitement about the change, emphasizing its potential to empower creators.

This move aims to enrich the livestreaming experience, reflecting Rumble's mission to provide independent infrastructure and restore an open Internet. The company has also announced its business combination with CF Acquisition Corp. VI (CFVI) in December 2021.

Rumble, the online video platform, reported a 76% year-over-year growth in monthly active users (MAUs), reaching an average of 44 million in Q2 2022. The platform also recorded a significant increase in user engagement, with users watching an average of 8.1 billion minutes per month, up 62% from the previous year. Additionally, users uploaded nearly 9,000 hours of video daily, marking a 283% growth. Rumble is positioned as a high-growth platform focused on creative independence and resilience against cancel culture, and it is engaged in a business combination with CF Acquisition Corp. VI (NASDAQ: CFVI).

CF Acquisition Corp. VI (CFVI) announced a special meeting for stockholders on September 15, 2022, to vote on the proposed business combination with Rumble Inc. The SEC has declared effective the S-4 registration statement for the merger, which aims to provide approximately $400 million in proceeds, including $100 million from PIPE financing. The combined entity is expected to trade on Nasdaq under the symbol RUM. Rumble aims to expand its platform and attract new content creators.

Rumble has announced the nomination of Nancy Armstrong, a media executive and Emmy-nominated producer, to its board of directors following its definitive business combination with CFVI. Armstrong, founder of Happy Warrior Media, brings over 20 years of industry experience and aims to enhance Rumble's core ecosystem for a free and open internet. Rumble, a high-growth video platform, believes Armstrong's expertise will accelerate its mission and growth, combining great content, technology, and a creator-first business model.