Building competitive platforms in the video and cloud spaces is an expensive journey that won’t be quick. Look for management to provide more details about its Success day trading cloud services when it reports financial results for the fourth quarter of 2023 on March 27. LONGBOAT KEY, September 19, 2022 — Rumble Inc. (“Rumble”), the video-sharing platform, announced that after successfully completing its business combination with blank check company CF Acquisition Corp.

Since then, RUM shares have increased by 44.5% and is now trading at $6.49. That said, Rumble’s losses are huge, and it currently has no clear pathway to profitability. Risk-averse investors should wait for more quarters (or even years) of data before considering a position in the stock. Despite its near-term challenges, Rumble’s future looks bright. The exceptional MAU growth it experienced in 2020 and 2021 indicates strong demand for its niche. And most importantly, these users stuck around even after the impetus for their joining (COVID-19 and the elections) ended.

RUM Stock News Headlines

Jon Quast has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms. It’s also worth noting that former President Donald Trump believes banning TikTok would give more power to Meta Platforms. And Meta is one of the platforms Rumble is trying to provide an alternative to, which underscores why it might want to acquire TikTok and keep the platform active. Rumble’s stock was trading at $4.49 at the start of the year.

Rumble Third Quarter 2024 Earnings: Misses Expectations

This suggests that intense news cycles in the future (such as the next U.S. election) could drive sustainable growth for the platform. In the 12 months between the third quarter of 2020 and 2021, the platform’s average monthly active users (MAUs) skyrocketed by over 2,100% to 36 million. But this surge was probably helped by the U.S. election cycle 14 printable sample rfp response for software development forms and templates and the stay-at-home boom during the COVID-19 pandemic.

Financial Highlights

Insiders that own company stock include Robert Arsov, Brandon Alexandroff, Wojciech Hlibowicki, Claudio Ramolo and David O Sacks. Rumble scored higher than 22% of companies evaluated by MarketBeat, and ranked 564th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Saylor’s MicroStrategy has dubbed itself a “Bitcoin Development Company” and currently holds 331,200 Bitcoins, making it the largest institutional holder of the cryptocurrency.

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Several companies have recently adopted the Bitcoin strategy including Semler Scientific, Inc. MSFT will be hosting Saylor to present a case for Bitcoin investment to its board of directors. The conservative-leaning streaming video platform faces a lot of challenges. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors.

1. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.
2. MSTR executive chairman and Bitcoin bull Michael Saylor, who offered to discuss with Pavlovski “why and how” the company may want to invest in Bitcoin.
3. According to Fortune Business Insights, the infrastucture-as-a-service market (which Rumble Cloud competes in) could be worth $500 billion by 2030.
4. Saylor’s MicroStrategy has dubbed itself a “Bitcoin Development Company” and currently holds 331,200 Bitcoins, making it the largest institutional holder of the cryptocurrency.
5. Rumble scored higher than 22% of companies evaluated by MarketBeat, and ranked 564th out of 647 stocks in the computer and technology sector.
6. All in all, it looks unlikely that Rumble will go bankrupt before it gets a chance to prove the viability of its business model, if possible.

RUM shares soared 6.6% in the last trading session to close at $6.11. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 8.3% gain over the past four weeks.

Rumble shares rose 9% in after-hours trading Tuesday after Pavlovski posted the Bitcoin investment questions to his social media account. Investors will be watching for further developments from the company. RUM CEO Chris Pavlovski is considering adding Bitcoin BTC/USD to the company’s balance sheet. The more consequential news for shareholders is the launch of Rumble’s cloud services. According to Fortune Business Insights, the infrastucture-as-a-service market (which Rumble Cloud competes in) could be worth $500 billion by 2030. Just a piece of the pie would be meaningful for the company.

Rumble’s recently published third-quarter report arrived with troubling indicators for investors. While stock ticker kmx stock forecast, price and news symbols can be an afterthought, for Rumble, “RUM” holds a special connection to the company’s mission to protect a free and open internet. It’s a little-known fact that rum was one of the many catalysts of the American Revolution due to unrest created by the British-imposed Sugar Act of 1764.

You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2025 and why they should be in your portfolio. Rumble ramps up its position as the premier platform for politics with the addition of the popular news commentary podcast.