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, 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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