Rumble Cloud Launches to the Public
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The introduction of Rumble Cloud by Rumble (NASDAQ: RUM) represents a strategic move in the cloud services industry, which is currently dominated by a few major players, namely Amazon AWS, Microsoft Azure and Google Cloud. The claim of offering cost-effective solutions and predictable pricing is particularly significant as it addresses a common pain point for businesses: the complexity and unpredictability of cloud service costs.
Furthermore, Rumble's positioning as a champion of a free and open internet is designed to appeal to businesses and organizations that prioritize independence from the perceived control exerted by the current market leaders. By attracting high-profile clients such as Truth Social and the campaign of Robert F. Kennedy Jr., Rumble Cloud is signaling not just its technical capabilities but also its alignment with certain values and ideologies. This could potentially carve out a niche market segment that feels underserved by the existing cloud infrastructure options.
The success of such a venture will hinge on Rumble Cloud's ability to deliver on its promises of performance and reliability, which are non-negotiable in the cloud industry. Should Rumble Cloud gain traction, it could introduce competitive pressures on pricing and service offerings across the market, benefiting consumers but potentially squeezing margins for established players.
Rumble's public launch of its Rumble Cloud service marks a pivotal moment for the company's financial outlook. The move diversifies Rumble's revenue streams beyond its video-sharing platform and positions it within the lucrative cloud computing market. As investors assess Rumble's stock (NASDAQ: RUM), they will likely focus on the company's ability to scale its infrastructure and attract a broader customer base.
Given the fixed-price 'Resource Tiers' model, Rumble is attempting to disrupt the traditional consumption-based billing, which might appeal to organizations with variable cloud compute needs. This pricing strategy could potentially lead to more stable and predictable revenue for Rumble, assuming they can manage their cost structure effectively. However, investors should monitor the company's capital expenditures and operating costs closely, as the infrastructure to support such a service is typically capital intensive.
The announcement may have immediate effects on Rumble's stock price, as markets react to the potential for increased revenue and market share. Long-term value, however, will depend on the company's execution and ability to maintain service quality while scaling.
Rumble's entry into the cloud services market with Rumble Cloud is a notable development considering the technical and competitive aspects of the industry. The offering of virtual machines, Kubernetes orchestration and storage solutions indicates that Rumble is targeting core infrastructure needs, which are fundamental services for many businesses.
The emphasis on network speed and quality is crucial, as these are key performance indicators for cloud service providers. Rumble's ability to compete on these fronts will be critical to its success. Moreover, the company's bet on disrupting the market through pricing strategies is ambitious, given the significant economies of scale enjoyed by the incumbents. The oligopolistic nature of the current cloud market means that Rumble will need to offer substantial differentiators beyond cost savings to gain significant market share.
An important aspect to watch will be Rumble Cloud's adoption rate and how it scales its customer support and service reliability to match the growth. The technical prowess of the service, as well as the security and privacy assurances, will be under scrutiny, especially given the company's mission to protect a free and open internet.
Rumble CloudTM offers the first cost-effective opportunity for businesses to run on a scaled infrastructure secured by a mission to protect a free and open internet.
LONGBOAT KEY, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ: RUM), the video-sharing platform and cloud services provider, announced today the public launch of Rumble Cloud, a new infrastructure as a service offering that champions the free and open internet.
Rumble Cloud is designed to empower businesses to become independent from incumbent hyperscalers’ unfair pricing, vendor lock-in strategies, and censorship. Rumble Cloud, which provides the backbone for rumble.com, includes a portfolio of essential cloud computing services, available by self-service, including virtual machines and Kubernetes orchestration, block and object storage, load balancers, and a virtual private cloud option.
Rumble Cloud’s vision is to provide the most predictable and affordable pricing in the market to allow businesses to regain control of their IT budgets. To that end, ‘Resource Tiers’ for compute resources offer monthly plans at a fixed price with unlimited usage to combat the price predictability pain points that are commonly felt with a consumption-based model.
By providing an independent and neutral alternative to Big Tech, Rumble Cloud has already attracted prominent clients through its successful beta program, including Truth Social, which surged to number one in the Apple App Store last year while hosted on Rumble Cloud. “Rumble Cloud is essential in today’s market,” said Devin Nunes, CEO of Trump Media and Technology Group. “A trusted partner since day one, Rumble Cloud’s incredible service and unrivaled performance have paved the way for Truth Social’s rapid growth,” he continued.
Another high-profile Rumble Cloud customer is the presidential campaign of Robert F. Kennedy Jr. According to campaign manager Amaryllis Kennedy, “Partisanship and censorship are threats to uniting the country. In almost every aspect of the campaign, we ask ourselves how do we make choices that are the most inclusive and neutral so that everyone feels welcome. This includes our choices of business services to run the campaign. The new Rumble Cloud provides a neutral and independent cloud infrastructure to run our essential campaign applications, free of Big Tech and government censorship.”
“The cloud market is desperate for real competition that isn't controlled by an oligopoly. Our cloud will bring top network speed and quality, but most importantly, we plan to disrupt the market with our pricing strategy,” said Rumble Chairman and CEO Chris Pavlovski. “Just as our video platform has taken market share away from YouTube, we plan to do the exact same in the cloud market that Amazon, Google, and Microsoft have cornered,” he added.
If you are interested in joining or learning more about Rumble Cloud, visit rumble.cloud.
ABOUT RUMBLE
Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble's mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com.
Contact: press@rumble.com
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