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 (NASDAQ: RUM) operates a pioneering video sharing platform and cloud services network committed to free speech and independent content creation. This hub provides investors and industry observers with essential updates about the company's strategic initiatives, financial developments, and market position.
Track critical announcements including earnings reports, infrastructure expansions, content partnerships, and legal engagements that shape Rumble's role in the digital media landscape. Our curated collection ensures timely access to press releases about cloud service innovations, platform feature updates, and antitrust-related developments central to the company's mission.
Discover updates on Rumble's cross-platform accessibility enhancements, advertising model evolution, and collaborations with major sports franchises or technology partners. The resource serves investors seeking to monitor growth metrics, analysts evaluating competitive positioning, and creators tracking platform policy changes.
Bookmark this page for streamlined access to verified information about Rumble's operational milestones. Check regularly for new developments impacting the video streaming sector and cloud infrastructure markets.
Rumble (NASDAQ: RUM) has completed a strategic investment of $775 million from Tether ($USDT), the largest digital assets company and most widely used dollar stablecoin with over 400 million users. The transaction involved Tether purchasing 103,333,333 shares of Rumble Class A Common Stock at $7.50 per share.
Of the proceeds, $250 million will be allocated to support growth initiatives. Additionally, Rumble has completed its tender offer, purchasing 70,000,000 shares of its Class A common stock for $525 million. The tender offer saw 70,061,168 shares validly tendered, with purchases made on a pro-rata basis, except for odd lots which were accepted in full.
The company's existing Board and governance structure, including Chris Pavlovski's super-majority voting control, remains unchanged. Cantor Fitzgerald & Co. acted as dealer manager, with Oppenheimer & Co. serving as capital markets advisor.
Rumble (NASDAQ:RUM) has completed its tender offer, purchasing 70,000,000 shares of Class A common stock at $7.50 per share, totaling $525 million. The tender offer, which expired on February 4, 2025, received 70,061,168 valid share tenders. Due to oversubscription, shares were accepted on a pro-rata basis with a factor of 0.9991284, except for odd lots which were fully accepted.
The tender offer was executed as part of a Transaction Agreement with Tether Investments from December 20, 2024. Of the tendered shares, 70,000,000 came from existing stockholders, including executive officers and directors who had previously agreed to tender through separate support agreements. These agreements ensured their participation at the same $7.50 per share price and proration terms as other stockholders.
Rumble (NASDAQ:RUM) has secured a cloud services agreement with the Government of El Salvador, marking a significant expansion into government contracts. The comprehensive service package includes cloud storage (object and block storage), cloud computing, databases, load balancers, and Kubernetes integration.
The agreement represents a strategic milestone for Rumble, demonstrating its infrastructure's capability to handle government-level data and computing requirements. According to Rumble's CEO Chris Pavlovski, this partnership reflects a growing global trend of entities seeking independence from traditional Big Tech providers.
Stacy Herbert, Director of El Salvador's National Bitcoin Office, emphasized the alignment between El Salvador's values of freedom, innovation, and prosperity with Rumble's principles, suggesting a long-term collaborative relationship ahead.
Rumble (NASDAQ:RUM) has secured a $775 million strategic investment from Tether ($USDT), the largest digital assets company and stablecoin provider. The transaction allocates $250 million for growth initiatives, with the remaining funds dedicated to a self tender offer for up to 70 million shares of Rumble's Class A Common Stock at $7.50 per share.
Tether will purchase 103,333,333 shares at $7.50 per share. CEO Chris Pavlovski will maintain his controlling stake and has committed to tender no more than 10 million shares. The transaction, expected to close in Q1 2025, will preserve Rumble's existing board and governance structure, with Tether holding a minority position without board representation rights.
Rumble (NASDAQ: RUM) has announced that the fourth season of 'Surviving Barstool' will stream exclusively uncensored on its platform starting December 2, 2024. While YouTube will only carry a censored version, Rumble users can watch the unedited content through the Barstool Sports Rumble channel.
The show features twenty-four Barstool employees competing for a $250,000 prize while confined to their office, with eliminated contestants determining the ultimate winner. Barstool Sports, reaching 200M fans across social media, is known for its innovative content in sports, lifestyle, and entertainment, including podcasts, video, and live events.
Rumble (NASDAQ: RUM) announced it will exclusively host the uncensored fourth season of 'Surviving Barstool' starting December 2, 2024. The reality show features twenty-four Barstool employees competing for a $250,000 prize while confined to their office. While YouTube will carry a censored version, Rumble will stream the unedited content. Barstool Sports, reaching 200M fans across social media, is partnering with Rumble to deliver this content through their dedicated channel on the platform.
Rumble (NASDAQ:RUM) has filed a lawsuit against California's Attorney General and Secretary of State challenging AB 2655, a recently passed law requiring online platforms to remove or label content deemed 'materially deceptive' about elections, public officials, and candidates. The law was expedited after Governor Gavin Newsom's complaints about a satirical video of Kamala Harris. Rumble is represented by Alliance Defending Freedom (ADF), which also represents The Babylon Bee in a related lawsuit. The case was filed in U.S. District Court for the Eastern District of California, Sacramento Division.
Rumble (NASDAQ:RUM) has announced a corporate treasury diversification strategy that includes allocating up to $20 million of excess cash reserves to Bitcoin. The Board of Directors approved this initiative as part of the company's expansion into cryptocurrency. CEO Chris Pavlovski cited Bitcoin's potential as an inflation hedge and its increasing institutional adoption as key factors behind the decision. The timing and value of Bitcoin purchases will be determined by management based on market conditions, Bitcoin's trading price, and Rumble's cash needs. The strategy can be modified or discontinued at any time.
Rumble (NASDAQ:RUM) announced that popular streamer Dr Disrespect will join the platform and lead Rumble Gaming as an advisor. The agreement includes equity with milestones as primary compensation. Dr Disrespect will provide exclusive content through Rumble Premium for his 'Champions Club' community while continuing free streams. His first Rumble stream is scheduled for December 2, 2024. The platform is offering new subscribers a $10 discount with promo code VSM. This move aligns with Rumble's strategic focus on expanding into gaming and crypto sectors.
Rumble (Nasdaq: RUM) reported its Q3 2024 results, showcasing strong growth in several key metrics.
Revenue rose 12% sequentially to $25.1 million, a 39% increase YoY. Monthly Active Users (MAUs) grew to 67 million, up 26% QoQ, with 43 million in the U.S. and Canada. However, Average Revenue Per User (ARPU) declined to $0.33 from $0.37 in Q2 2024.
Net Loss increased to $31.5 million from $29.0 million in Q3 2023, though Adjusted EBITDA loss improved to $23.5 million. The company reduced its cash usage for the fourth consecutive quarter, with a 25% reduction from Q2 2024.
Significant events included a partnership with the Miami Dolphins, legal action against advertising agencies, and the launch of the Rumble app on Xbox. Rumble also reported record live viewership during the U.S. presidential debate.
FAQ
What is the current stock price of Rumble (RUM)?
What is the market cap of Rumble (RUM)?
