The company's fundamentals are improving notably as its user base continues to grow. Social media company Rumble (RUM 5.39%) had a fine Tuesday as far as its stock was concerned. The share price zoomed more than 5% higher on the day, thanks to an earnings report that topped analyst expectations. That performance easily beat the frothy S&P 500, which closed Tuesday 1.7% higher. Robust top-line growth in the second quarter Rumble's second-quarter numbers were published after market hours Monday, and they reve ...

Rumble Inc. (RUM) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.15, delivering a surprise of 21.05%. Over the last four quarters, the company has surpassed con ...

AUBURN HILLS, Mich., Aug. 9, 2024 /PRNewswire/ -- Dodge hit a new high note today, revealing the final performance character of the all-new Dodge Charger Daytona's Fratzonic Chambered Exhaust system. The patent-pending system shatters preconceptions of a typical battery electric vehicle, bringing a signature rumble and tactile sound wave output that will serve as the soundtrack for the all-electric 2024 Dodge Charger Daytona R/T and Dodge Charger Daytona Scat Pack. Dodge hit a new high note today, revealing ...

LONGBOAT KEY, FL, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM), the videosharing platform and cloud services provider, announced today that Chris Pavlovski, the Chairman and CEO of Rumble, will be interviewed by Matt Kohrs on Monday, August 12, 2024, shortly after the earnings call. The interview will be streamed live on the Matt Kohrs Rumble channel at rumble.com/MattKohrs using Rumble's streaming platform, Rumble Studio. Viewers will be able to submit questions to Mr. Pavlovski in the comme ...

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 ...

Core Insights - Rumble has launched a new app for Xbox, enhancing its video distribution capabilities and supporting the independent creator economy [3]. Group 1: Product Launch - The Rumble app is now available on all Xbox devices starting from the 2013 third-generation models, allowing users to stream live and on-demand content [1][3]. - The app provides access to a variety of content, including gaming creators, exclusive podcasts, live sports, and political commentary [3]. Group 2: Company Mission and Growth - Rumble is positioned as a high-growth video platform and cloud services provider, aiming to restore the internet to its roots by making it free and open [2]. - The launch of the Xbox app is part of Rumble's strategy to expand its reach and enhance user experience [3].

Core Viewpoint - Rumble Inc. is set to release its financial results for the fiscal quarter ending June 30, 2024, on August 12, 2024, after market close, followed by a conference call at 5:00 p.m. Eastern Time [1]. Company Overview - Rumble is a high-growth video-sharing platform and cloud services provider focused on creating an independent infrastructure [3]. - The company's mission is to restore the internet to its roots by making it free and open again [3].

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].