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Tag: Rumble Inc

  • Rumble (RUM) Stock Climbs In Pre-Hour Trading

    Rumble (RUM) Stock Climbs In Pre-Hour Trading

    Pre-market trading for Rumble Inc. (NASDAQ: RUM) saw a notable uptick, with shares surging 40.89% to $10.13. This increase comes after Tether ($USDT), a pioneer in digital assets and the most popular dollar stablecoin with over 350 million users worldwide, announced a $775 million strategic investment.

    Plans for Growth and Investment Allocation

    The investment agreement specifies that Rumble will allocate $250 million of the funds toward growth initiatives, strengthening the company’s position in the market. A self-tender offer for up to 70 million shares of Rumble’s Class A Common Stock at a price of $7.50 per share—the same price as Tether’s share purchase—will be financed with the remaining funds. Chris Pavlovski, the chairman and CEO of Rumble, will continue to own a majority share in the business in spite of this deal.

    A Common Goal for Free Expression and Decentralization

    Rumble and Tether’s common ideals of decentralization, independence, and openness are reflected in this relationship. As public confidence in conventional media has been eroding, Rumble has positioned itself as an unfiltered alternative. Tether’s investment underscores its commitment to supporting platforms that promote free expression and challenge centralized systems. The collaboration aims to accelerate Rumble’s growth while reinforcing its mission to foster open communication and innovation.

    Transaction Details and Future Outlook

    Under the agreement, Tether will purchase 103,333,333 shares of Rumble’s Class A Common Stock at $7.50 per share, providing a substantial liquidity event for Rumble’s stockholders. Chris Pavlovski has promised to submit no more than 10 million shares, and several owners have promised to take part in the tender offer.

    Standard regulatory permissions, such as adherence to the Hart-Scott-Rodino Antitrust Improvements Act, are required for the investment and tender offer. Rumble’s governance structure will not alter at closure, which is anticipated in Q1 2025, with Tether owning a minority ownership and having no board representation. This investment is set to further solidify Rumble’s role in creating a decentralized and inclusive digital landscape.

  • Rumble (RUM) Stock Soars Following New Cloud Client Acquisition

    Rumble (RUM) Stock Soars Following New Cloud Client Acquisition

    Shares of Rumble Inc. (NASDAQ: RUM) were trading at $6.27 as of the last check with a major increase of 14.71%. This growing trend comes after RUM announced that it had secured a significant new client in the cloud services industry, strengthening its position in the market.

    Partnership with Sticker Mule

    The innovative online custom merchandise retailer, Sticker Mule, has joined Rumble’s roster of cloud clients. The partnership will see Sticker Mule transition its artificial intelligence processing to the Rumble Cloud, utilizing Rumble’s NVIDIA H100 inventory. This collaboration is an expansion of an existing successful one, since Sticker Mule has been a consistent advertiser on the Rumble platform for a number of years.

    Founded in 2010 and based in Amsterdam, New York, Sticker Mule specializes in creating a broad range of personalized products, including t-shirts, stickers, magnets, buttons, labels, and even award-winning hot sauce. The company, which employs more than 1,200 people globally, has established itself as a pioneer in the customized goods industry.

    Record-Breaking Engagement on Rumble

    Rumble’s platform has recently shattered several engagement records, particularly during a high-profile American presidential debate featuring former President Donald Trump and Vice President Kamala Harris.

    According to data from Streams Charts, Rumble achieved a peak of 1,044,513 concurrent live viewers during the debate, alongside record-breaking numbers for concurrent creator streams and peak bandwidth consumption. This surge highlights the growing demand for live, unfiltered news and commentary, which has become a hallmark of Rumble’s offerings.

    Positioning as a Censorship-Free Platform

    Rumble has established itself as a go-to source for content that isn’t influenced by corporations or the government, as consumers look for platforms that offer uncensored information more and more. With 31 of the top 100 live broadcasts in the US, the site has emerged as a major hub for independent video producers.

    According to LiveSearch.app, Rumble represents 11.8 percent of viewers by network and 31 percent of streamers, underscoring its expanding reach and influence in the digital landscape.

  • Rumble (RUM) Stock Surges As It Unveils Live Streaming Tool

    Rumble (RUM) Stock Surges As It Unveils Live Streaming Tool

    Rumble Inc. (NASDAQ: RUM) is experiencing a notable surge in its stock performance today, with an impressive 36.40% increase to $6.67 observed in the current market session. This remarkable momentum on US stock charts is fueled by a strategic move unveiled by the high-growth video platform and cloud services provider.

    Rumble (RUM) has made a ground-breaking statement announcing the public debut of Rumble Studio, an inventive live streaming platform. This comprehensive tool is now available to all Rumble users on the Web, iOS, and Android platforms, which is a major improvement over the company’s previous offerings.

    Rumble Studio simplifies the live streaming process for content creators on the Rumble platform by acting as an all-in-one solution. It gives producers the ability to easily broadcast films on several platforms, extend invitations to visitors, and interact with viewers on a proactive basis.

    Furthermore, Rumble Studio provides access to robust video enhancement tools and seamless integration within the broader Rumble ecosystem. The tool features user-friendly integrations with Locals, YouTube, Twitch, X, and Facebook, as well as compatibility with platforms like Kick.

    Beyond offering free multi-platform live streaming capabilities, Rumble Studio introduces a paradigm shift in live-streaming monetization. Rumble is currently offering an unmatched live-streaming experience, democratizing the media environment by enabling broad participation in forming narratives, after a successful beta testing period.

    In another calculated move, Rumble has also declared a strategic alliance with well-known sports, entertainment, and lifestyle company Barstool Sports. By enabling customers to access the entire library of Barstool Sports material, including live broadcasts, this partnership establishes Rumble as the company’s primary video home.

    The extensive partnership encompasses mutual efforts in advertising, with both companies actively facilitating brand advertisers on the Rumble platform. Importantly, Barstool Sports will leverage Rumble Cloud as its preferred service provider for essential cloud services such as computing, storage, and network, marking a substantial milestone in the pursuit of their mission to curate a portfolio of widely popular sports and entertainment content.

    As Rumble Inc. continues to innovate and expand its partnerships, the introduction of Rumble Studio and the collaboration with Barstool Sports exemplify the company’s commitment to delivering cutting-edge solutions and solidifying its presence in the competitive landscape of video streaming and cloud services.