LONGBOAT KEY, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the videosharing platform and cloud services provider, announced that it has joined the social media platform X to file antitrust lawsuits alleging a conspiracy to withhold advertising revenue from Rumble and other digital media platforms. In its filing in the U.S. District Court for the Northern District of Texas, Rumble named as defendants the World Federation of Advertisers (WFA), as well as the advertising agency WPP and its subs ...

LONGBOAT KEY, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the videosharing platform and cloud services provider, announced that it has joined the social media platform X to file antitrust lawsuits alleging a conspiracy to withhold advertising revenue from Rumble and other digital media platforms. In its filing in the U.S. District Court for the Northern District of Texas, Rumble named as defendants the World Federation of Advertisers (WFA), as well as the advertising agency WPP and its subs ...

These results are scheduled for release after markets close on Monday, August 12, 2024. As of now, Rumble's stock is priced at $6.20, reflecting a one-month gain of over 6% and a year-to-date increase of over 37%. This appeal was significantly boosted when former President Donald Trump established an official account on Rumble after being de-platformed from other social media sites, leading to an increase in Rumble's user base. Rumble (NASDAQ: RUM), the video-sharing platform and cloud services provider, ha ...

The Rumble app is supported on all Xbox devices starting with 2013 third-generation models. The app allows users to access and watch content on their televisions, and outbound in-console streaming will be available through future updates. 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. Chris Pavlovski, ...

LONGBOAT KEY, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM) ("Rumble" or the "Company"), the video-sharing platform and cloud services provider, today announced that it will release financial results for the fiscal quarter ended June 30, 2024 after the close of markets on Monday, August 12, 2024. The Company will host a conference call on the same day at 5:00 p.m. Eastern Time. ABOUT RUMBLE For investor inquiries, please contact: MZ Group, MZ North America Source: Rumble Inc. Access to t ...

Core Viewpoint - Austin Private Wealth executed a significant short sale of 34 million shares of Rumble, raising concerns about potential conflicts of interest, especially given Rumble's ties to Republican vice-presidential nominee JD Vance [1][4][10]. Group 1: Short Sale Details - Austin Private Wealth shorted 34 million shares of Rumble and 12 million shares of Trump Media & Technology the day before an assassination attempt on former President Donald Trump [10][11]. - The firm claimed that the massive shorting was due to an accidental addition of six orders of magnitude to their order size, which has led to scrutiny regarding the legitimacy of their operations [6][12]. Group 2: Conflict of Interest - JD Vance's investment in Rumble is estimated between $115,000 and $300,000, highlighting a potential conflict of interest with Austin Private Wealth's actions [4]. - Austin Private Wealth executed 71% of all put options on DJT Holdings in the last 90 days on the same day as the short sale, raising further concerns about the firm's intentions [11]. Group 3: Market Impact - The shorting activities occurred in a politically sensitive context, with implications for the market and potential investigations by the US Securities and Exchange Commission (SEC) [7]. - Following the short sale, DJT traded at $34.24, with losses exceeding 8%, while Rumble was valued at $6.38, dropping over 5% in the last 24 hours [13].

Financial Projections Might be Understated As it stands right now, the financials appear modestly compelling. In the trailing 12 months (TTM), Rumble generated revenue of $81.08 million. By the end of fiscal 2024, analysts project that revenue may land at $97.36 million, up 20.3% from last year's print of $80.96 million. By 2025, the top line may expand to $117.64 million, up 20.8%. Currently, RUM stock trades at a trailing-year sales multiple of 14.74x. Assuming a shares outstanding count of 116.94 million ...

Chris Pavlovski, Chairman and CEO of Rumble, commented, "In the past, brand advertisers have boycotted companies that allow their users to express a diverse range of opinions. If some in corporate America don't want to do business with large segments of the market, Rumble will step in and fill the void by partnering with brands that will help monetize creators on our platform. Partnering with these brands will not only add revenue to our bottom line but also advance our mission of a free and open internet." ...

Rumble adds pet, health, and wellness products to its growing line of exclusive brands. Pawsitive features a variety of healthy pet foods, Be Naked is a brand that will focus on male health, and 5G Free will focus on electromagnetic field (EMF) wellness. Together, these brands bolster a growing ecosystem that supports the parallel economy and aligns with Rumble's mission and values. These new Rumble-exclusive products can be purchased online at pawsitive.com, benaked.com, and 5gfree.com. Chris Pavlovski, Ch ...

LONGBOAT KEY, Fla., July 08, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the videosharing platform and cloud services provider, today announced that many of its top content creators will host live programs on media row at the Republican National Convention in Milwaukee later this month. Rumble creators will be live on location each day of the convention beginning on July 15, 2024, and running until July 19, 2024, the day after the convention concludes with the formal nomination of former President Donald ...