Fri. Sep 22nd, 2023
Видеоплатформа Rumble начинает торговаться после сделки SPAC

Rumble is one of a growing number of conservative media sites.

In a transaction with the Blanche check firm, Rumble Inc., the conservative video messaging company backed by billionaire Peter Thiel, has gone public, valuing the company at more than $2 billion.

The company trades under the ticker RUM.

Rumble will earn $400 million through the merger with CF Acquisition Corp., the acquisition firm.

Rumble, which trades under the ticker RUM, is one of the alternative media platforms that is gaining popularity as the political polarization in the US deepens.

According to research firm Sensor Tower, Rumble app installs increased by 250% every month in August, bringing the company’s total installs to 7 million.

The business intends to create its ad network and cloud service, which will enable ongoing operation despite vendors with stricter content standards.

On the first day of trading for the company, share prices increased by as much as 40%.

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