It has emerged that Austin Private Wealth, a financial services company, executed a massive short sale of millions of shares of Rumble (NASDAQ: RUM), raising questions about a possible conflict of interest. Notably, Rumble is backed by Republican vice-presidential nominee JD Vance. According to data shared by researcher Health Ranger on July 18 indicated that the company shorted 34 million shares of Rumble on the day before an assassination attempt on former President Donald Trump. | --- | --- | --- | --- | ...

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 ...

LONGBOAT KEY, Fla., June 28, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the videosharing platform and cloud services provider, announced that it set a new record for concurrent live stream viewers on the platform during debate night in America on Thursday, as content creators discussed the matchup between President Joe Biden and former President Donald Trump. According to Streams Charts, a third-party streaming analytics firm, Rumble hit a peak of 718,909 concurrent live viewers, the highest number yet r ...

LONGBOAT KEY, Fla., June 28, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the videosharing platform and cloud services provider, announced that it set a new record for concurrent live stream viewers on the platform during debate night in America on Thursday, as content creators discussed the matchup between President Joe Biden and former President Donald Trump. According to Streams Charts, a third-party streaming analytics firm, Rumble hit a peak of 718,909 concurrent live viewers, the highest number yet r ...

The Nation's Top Patriotic Marketplace Announces Intent to Break Free from Big Tech by Joining Rumble Cloud Michael Seifert, Chairman and Chief Executive Officer of PublicSquare, commented, "I am pleased to share that we intend to migrate the PublicSquare Marketplace to the Rumble Cloud Platform. One of the main tenets of success integral to the long-term health of the parallel economy is creating an uncancellable ecosystem. By partnering with values-aligned businesses like Rumble, we are taking an importan ...

~ Despite Repeated Requests by Rumble, LSEG Failed to Address Obvious Errors in Calculations ~ LONGBOAT KEY, Fla., June 13, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (Nasdaq: RUM) ("Rumble"), the video sharing platform and cloud services provider, has sent a letter to the CEO of the London Stock Exchange Group ("LSEG") regarding the potential exclusion of Rumble from the Russell 3000 Index. The letter in its entirety is included below. | --- | |-----------------------------| | | | Mr. David Schwimmer | | Chief E ...

~ Alerts CEO of Errors by Staff in the Determination for Company Additions ~ ~ Refusal to Correct Obvious Errors Does a Disservice to all Investors in the Russell 3000 ~ Letter Sent by Rumble to London Stock Exchange Group I would like to alert you to errors by the staff of the London Stock Exchange Group (LSEG) in connection with the determination of the Russell 3000 Index. Despite our repeated requests, LSEG staff have failed to address obvious errors in their calculations of the voting rights of Rumble I ...