Rumble Inc Stock Price, News & Analysis

Rumble (NASDAQ:RUM) and Trump Media secured a significant legal victory as a U.S. federal court ruled that censorship orders from Brazilian Supreme Court Justice Alexandre de Moraes have no legal authority in the United States.

The U.S. District Court for the Middle District of Florida determined that Moraes's directives were not properly served under U.S. or international law, as they weren't delivered through the Hague Convention or the U.S.-Brazil Mutual Legal Assistance Treaty (MLAT). The court stated it would intervene if any attempts were made to enforce these orders on U.S. soil.

The ruling establishes that neither Rumble nor Trump Media are required to comply with these censorship demands, marking a precedent against foreign judicial interference with American platforms.

Rumble (NASDAQ:RUM) announced that content creator Dan Bongino has been appointed as Deputy Director of the FBI in the Trump Administration. CEO Chris Pavlovski praised Bongino's contribution to the platform, highlighting his role as one of the first major creators to join Rumble in 2020 and his record-setting livestreaming performances.

Bongino, who remains a significant shareholder in Rumble, has been instrumental in the platform's growth by bringing new viewers. The company noted that revenue derived from Bongino's content through third-party advertising arrangements is not material to Rumble's finances. The platform expects to continue increasing its user base and looks forward to Bongino's potential return after his government service.

Rumble (NASDAQ:RUM) and Trump Media & Technology Group (TMTG) have filed a lawsuit against Brazilian Supreme Court Justice Alexandre de Moraes for violating First Amendment protections by ordering the suspension of U.S.-based accounts. The lawsuit, filed in the U.S. District Court for the Middle District of Florida, seeks to declare these orders unenforceable in the United States.

The case centers around a political dissident who fled Brazil in 2021 and whose extradition request was rejected by the U.S. in March 2024. Despite this rejection, Moraes continued pursuing censorship orders targeting the dissident's content on American platforms. In December 2023, Rumble temporarily disabled access in Brazil rather than comply with content removal demands.

The lawsuit argues that foreign courts cannot unilaterally dictate speech on American platforms without U.S. government authorization. TMTG joined the lawsuit as it relies on Rumble's services for TRUTH Social's operations, including cloud hosting and video streaming.

Rumble (NASDAQ:RUM) announced that content creator Tim Pool is bringing his programming to the platform, with significant content becoming exclusive to Rumble Premium starting February 11, 2025. Pool's content lineup includes Timcast.com content (exclusive to Rumble Premium subscribers and existing Timcast members), Timcast IRL (available five days weekly), and The Culture War (weekly posting).

Pool plans to expand his exclusive programs to include sports, gaming, and feature-length documentaries. Rumble CEO Chris Pavlovski emphasized the platform's role as the new home for exclusive content from creators with large, active followings.

Rumble (NASDAQ: RUM), the high-growth video platform and cloud services provider, announced that the White House has established an official channel on its platform. The White House channel is now accessible at rumble.com/whitehouse, marking a significant development in the platform's institutional reach.

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.