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 What is uniswap 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.
With shares down 70% from an all-time high of $16.81, Rumble (RUM 1.09%) stock has been challenging for its early investors. But behind the poor performance lies a business with rapid growth and a unique niche in the video-streaming industry. Will management be able to turn the ship around over the long term?
Trump-Affiliated Streaming Platform Reports Loss, Growing User Base
Rumble’s recently published third-quarter report arrived with troubling indicators for investors. While stock ticker 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.
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Select to analyze similar companies using key performance metrics; select up to 4 stocks. During a recent X space hosted by asset manager VanEck, Saylor encouraged other companies to hold the cryptocurrency in their reserves. Rumble is now available on Xbox, giving users more ways to consume a wide range of trading strategies and systems content. According to 2 analysts, the average rating for RUM stock is “Hold.” The 12-month stock price forecast is $8.0, which is an increase of 23.27% from the latest price.
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- Several companies have recently adopted the Bitcoin strategy including Semler Scientific, Inc.
- Without rum, the colonists may never have fought to win the freedom that Americans enjoy today – the very freedom that Rumble exists to protect.
- 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.
- Rumble, a popular YouTube alternative, soared by over 20% after the Trum…
Rumble’s cloud is worth more attention from investors
Rumble (RUM) and Trump Media & Technology (DJT) stocks went vertical this week as the election cycle took more turns recently. Rumble, a popular YouTube alternative, soared by over 20% after the Trum… Video-sharing platform Rumble Inc RUM reported second-quarter financial results after the market close Monday. Shares of Trump Media, which operates the social-media platform Truth Social and is viewed as a Wall Street proxy for Republican nominee Donald Trump’s election bid, soared last week. The market data on this page is currently delayed.
The conservative media site is finally cashing on Trump’s victory. To acquire TikTok, Rumble says it would “join a consortium with other parties,” but I have doubts that a deal could be done to make Rumble a big beneficiary. According to Bloomberg, TikTok’s U.S. operations could be worth at least $40 billion. By comparison, Rumble has a market cap of just $2 billion and only has $267 million in cash, cash equivalents, and marketable securities as of the end of its third quarter. That’s not much to work with to pull off a deal of this magnitude.
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 and the stay-at-home boom during the COVID-19 pandemic.
VI (“CFVI”), trading of Rumble’s common shares The january effect will begin on the NASDAQ stock exchange today. At market open, the ticker symbol will switch from “CFVI” to “RUM” for the company’s common shares. While Rumble’s future growth remains uncertain, its losses are not.
Rumble Inc. (RUM) Q2 2024 Earnings Call Transcript
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.
Rumble prides itself on being a censorship-free alternative to platforms such as YouTube. However, it desires to be an alternative to public cloud companies as well. This is why the market was excited when Rumble announced yesterday afternoon that its cloud computing service is now open to the public.
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.
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