RUM Stock Price Rumble Inc Stock Quote U.S.: Nasdaq

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on, top-rated podcasts, and non-profit The Motley Fool Foundation. The company operates, a platform that enables video creators to host, livestream, manage, distribute, and create OTT feeds, as well as monetize their content. It also operates, a subscription-based video sharing platform. The company was founded in 2013 and is based in Longboat Key, Florida.

  1. Pavlovski’s massive quantity of shares can now be sold, at least in theory.
  2. However, it’s also important to note that only about 30 million shares of Rumble were on the market prior to its business combination.
  3. That’s meager revenue for a company valued at $2.6 billion at the time it went public.
  4. While Rumble’s future growth remains uncertain, its losses are not.

Revenues rose 64% YoY to $18 million, missing analyst estimates of $25.4 million. Global monthly active users (MAUs) rose to 58 million, of which 40 million were in the United States and Canada. Average estimates of minutes watched per month rose 19% YoY to 10.7 billion. The company closed the quarter with $267 million in cash and cash equivalents.

Should you invest $1,000 in Rumble right now?

Is a Trump-branded social media company really worth the $2 billion that it currently fetches in market value? Are Rumble shares worth the increase that they’ve seen this morning? Rather, purchasing their stock seem more about investing in a social statement than a wager on future cash flows or profits. Remember, Trump’s business has neither cash nor income, and while Rumble presumably might, it hasn’t detailed that publicly. Rumble reported a Q EPS loss of 14 cents per share, missing analyst estimates by 2 cents.

And I’m not saying that Rumble stock fell on Monday because Pavlovski is breaking his promise. On the contrary, investors have no idea what he did either way. To go public, Rumble intends to merge with an investment company initially created by Cantor Fitzgerald, a decades-old Wall Street bank. The deal would leave Rumble with $300 million in cash, the company said in a statement announcing the transaction on Wednesday evening. It hopes to complete the process by the second quarter of next year.

Twenty-two hedge funds owned RUM as of the third quarter, down from 24 hedge funds. Total hedge fund ownership declined by 1.68% to 2.32 million shares from 2.36 million shares. Known as td ameritrade forex review a right-leaning video platform, shares of RUM stock accelerated higher after it was revealed that former President Donald Trump had won the Iowa caucuses with 51% of the total votes.

Rumble’s shares have nearly doubled since January 12, and the name currently has a market capitalization of $1.8 billion. In the company’s recent earnings call, CEO Daniel McGahn was very bullish on Gridtec and Windtec. He was also optimistic on the demand for the firm’s products being used by the U.S. U.S. equity markets trader, writer and analyst for over 25 years. Published four books by publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press.

Increasing competition in video streaming is having an impact on user growth.

Regarding concrete news from the company, there were two official Rumble press releases this week. First, the company launched a merchandise store on Monday, where fans of the brand could pre-order T-shirts and hats. Today, Rumble announced that YouTuber JP Sears would put his new comedy special exclusively on Locals — a platform owned by Rumble — and create a subscription-based community. But for the record, this news was announced earlier in the week by Locals. Despite its near-term challenges, Rumble’s future looks bright.

Why Did Rumble Stock Fall Today?

AMSC’s wind revenue climbed to $5.75 million last quarter. AMSC’s powerful rebound was mostly enabled by the rapidly rising revenue of its power grid unit, Gridtec. The unit’s revenue climbed to $33.6 million last quarter from $20.8 million a year earlier. The unit’s sales are generated by products that ensure smooth, uninterrupted utility flow, even with renewable energy sources present.

On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Anything less than substantial growth next quarter would be good reason to second-guess a Rumble investment at this stage. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. “It is no surprise that the Chinese stock market is crashing after Trump’s massive primary win in Iowa,” Donald Trump Jr. told On The Money.

These are now registered and can be sold when lockup arrangements expire. And Rumble won’t get any more money if they choose to sell. Shares of Digital World Acquisition , the blank check firm set to take former U.S. President Donald Trump’s social media platform public, soared to their highest in 19 months on Monday after Florida G… The content strategy is working to grow revenue, which is important, but one problem is a lack of growth in users.

When Rumble officially went public last month, there were about 280 million shares outstanding. However, investors are understandably confused about the purpose of today’s registration filing. Rumble’s social media team issued a statement this morning saying the company is not raising new money or changing lockup agreements with today’s registration statement, which is important to note. That’s impressive viewership for a new platform like Rumble, but it’s a continuation of head-turning numbers from the company’s third-quarter report. For perspective, it only averaged 44 million in the previous quarter — an outstanding 61% quarter-over-quarter improvement. Rumble Inc. operates video sharing platforms in the United States, Canada, and internationally.

Live advertiser bidding enables advertisers to offer immediate bids for reading ads on the air. Shares of video-streaming platform Rumble (RUM 1.02%) dropped on Monday following the expiration of its lock-up period over the weekend. At the close of the session, Rumble stock was down by about 12.7%. The Cantor Fitzgerald investment vehicle, which already trades publicly under the CFVI ticker, saw its shares rise Thursday, increasing by nearly 25% to $12. This morning, Rumble unveiled Rumble Studio, which will provide live-streamers with tools to increase and track user engagement. Rumble Studio will also provide video enhancement and integration features.

Rumble Inc. Launches A New Interface for Desktop and Mobile Web

The shares have been on a tear since the firm recently reported that it had leased the plant to a “significant producer of metals and minerals.” Since then, the stock has jumped almost 50%. This video offers valuable insights into the evolving landscape of AI stocks and the factors investors should consider in 2024. While Rumble currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys. Rumble Studios enables “live advertiser bidding, where creators fully endorse and tell their audiences to buy your product, all automated and in real-time.” According to Rumble CEO Chris Pavlovski.

Rumble officially went public on Sept. 16 when it completed its business combination with a special purpose acquisition company (SPAC). At the time, not much was known about the company’s financials. However, with today’s filing investors now know Rumble generated just $8.4 million in revenue in the first half of 2022 and racked up an $8.6 million loss from operations during that time.