The Act imposed regulations and taxes on molasses, a key ingredient used to produce rum. During the colonial era, rum was among the most-consumed alcoholic drinks in America. Without rum, the colonists may never have fought to win the freedom that Americans enjoy today – the very freedom that Rumble exists to protect. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
- The company operates rumble.com, a platform that enables video creators to host, livestream, manage, distribute, and create OTT feeds, as well as monetize their content.
- And Meta is one of the platforms Rumble is trying to provide an alternative to, which underscores why it might want to acquire TikTok and keep the platform active.
- First, the company just launched a highly anticipated new product, and it’s looking to acquire TikTok as well.
- By comparison, Rumble has a market cap of just $2 billion and only has $267 million in cash, cash equivalents, and marketable securities as of the end of its third quarter.
- But this surge was probably helped by the U.S. election cycle and the stay-at-home boom during the COVID-19 pandemic.
- This suggests that intense news cycles in the future (such as the next U.S. election) could drive sustainable growth for the platform.
Compared to the company’s year-ago EPS, this represents a change of +883.3%. Sea Limited currently boasts a Zacks Rank of #3 (Hold). For RUMBLE INC, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
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Recent News: RUM
Rumble is benefiting from its role as a free-speech focused video platform and its best momentum day trading strategies that work for beginners 2021 recent cloud expansion, appealing to clients and advertisers seeking an alternative to the major tech companies. Rumble stock already looked like it would have a good day on the news of its cloud product. But CEO Chris Pavlovski took to social media this morning, sharing the company’s desire to acquire TikTok from ByteDance. For context, Congress is considering banning the popular app unless ByteDance divests it, giving the opportunity to a buyer such as Rumble.
S&P 500 Tops 6,000; Rumble Shares Slide After Q3 Results
Jon Quast has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms. It’s also worth noting that former President Donald Trump believes banning TikTok would give more power to Meta Platforms. And Meta is one of the platforms Rumble is trying to provide an alternative to, which underscores why it might want to acquire TikTok and keep the platform active. Rumble’s stock was trading at $4.49 at the start of the year.
Latest RUM news
RUM shares soared 6.6% in the last trading session to close at $6.11. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 8.3% gain over the past four weeks.
Rumble shares rose 9% in after-hours trading Tuesday after Pavlovski posted the Bitcoin investment questions to his social media account. Investors will be watching for further developments from the company. RUM CEO Chris Pavlovski is considering adding Bitcoin BTC/USD to the company’s balance sheet. The more consequential news for shareholders is the launch of Rumble’s cloud services. According to Fortune Business Insights, the infrastucture-as-a-service market (which Rumble Cloud competes in) could be worth $500 billion by 2030. Just a piece of the pie would be meaningful for the company.
Building competitive platforms in the video and cloud spaces is an expensive journey that won’t be quick. Look for management to provide more details about its cloud services when it reports financial results for the fourth quarter of 2023 on March 27. LONGBOAT KEY, September 19, 2022 — Rumble Inc. (“Rumble”), the video-sharing platform, announced that after successfully completing its business combination with blank check company CF Acquisition Corp.
Financial Highlights
Rumble (RUM) stock has done well this year, rising by over 20%, helped by the rising election hype. It has risen by over 64% from its lowest point this year, bringing its market should you buy uber stock cap to over $1.5 billi… U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.3% on Wednesday.