DWAC and Trump Media Group using @rumblevideo / CFVI for cloud and distribution services
(media.greatawakening.win)
Comments (17)
sorted by:
...so Rumble it is .../!
Rumble will be the new Amazon Cloud and Youtube?
Possibly. Rumble is the fastest growing video platform and with the help of Trump Media Group could push them to overtake the big platforms.
Here is the news regarding Rumble going public:
Tremendous growth from 1.6 million average monthly active users in Q3 2020 to a record 36 million average monthly active users in Q3 2021
44 million monthly active users in August 2021
Viewer engagement grew 44x from Q2 2020 to Q3 2021 to 8 billion minutes watched per month1
Transaction is expected to provide approximately $400 million in proceeds2 to Rumble, including a fully committed PIPE of $100 million at $10.00 per share and $300 million of cash held in the trust account of CFVI
Transaction values Rumble at an enterprise value of $2.1 billion3
Rumble Founder and Chief Executive Officer to retain voting control to facilitate execution of Rumble's neutral mission on behalf of all stakeholders
https://archive.ph/l378q
So CFVI the ticker code for the buy in. I am not a stock person so excuse me I may be saying something wrong.
If you want to invest in Rumble, yes.
More News:
Video platform Rumble announced a SPAC deal earlier this week. The CEO confirmed Friday a partnership with a SPAC linked to Donald Trump.
What Happened: Rumble has increased its monthly active users from 1.6 million to 30 million in a one-year time period. That point was highlighted by Cantor Fitzgerald and CF Acquisition Corp VI CEO Howard Lutnick Friday in an interview with Bloomberg.
“It’s a neutral network. These guys have decided they’re going to be neutral down the middle,” Lutnick said of Rumble.
When asked if the company’s growth came from Trump and people moving from other social media platforms censoring the former president, Lutnick said it started that way and helped, but the site has attracted a following from other areas.
Lutnick also told Bloomberg that Truth Social Network, which is going public with Digital World Acquisition , isn’t a competitor but a partner. “The Trump Media Group and DWAC SPAC are using Rumble for distrubition," he said. “I can confirm that they have an arrangement together.” Trump Media Group is paying for distribution with Rumble on a non-exclusive basis.
Why It’s Important: Trump was mentioned in the presentation from the Rumble SPAC deal as one of several celebrities who is on the platform. Trump joined Rumble in June as he continues to face bans on other social media platforms like Meta Platforms , Twitter Inc and Alphabet Inc -owned YouTube.
Trump spokeswoman Liz Harrington said earlier this year Trump joined Rumble in addition to his plans to launch his own social media platform. “It is a great way to reach the American people in a time of unprecedented assault on free speech in our country by Big Tech tyrants,” Harrington told Reuters.
DWAC has seen strong interest by investors and traders as a play on Trump and his large following. Other stocks related to the SPAC and Trump media assets have been highly volatile in market trading. The partnership with Trump Media and Rumble also comes after the former missed a November timeline of releasing a beta version of the Truth Social app.
https://archive.ph/Odilr
Nice, went up some 15% on first day. Nothing like the momentum of DWAC, but it will grow slowly.
Me = dumb dummy. Heard about the Rumble/CFVI deal Wednesday evening so I bought 1k shares Thursday pre-market. It went down yesterday to less than what I paid, so I figured it wasn't worth it, and put in a limit order to sell for my buy-in price. This afternoon I go on a bike ride and while I'm out it goes up, and triggered my sale.
Learn about HODLing
1 minute guitar lessons
https://rumble.com/c/BeginnerGuitar
Howard Lutnick is the Chairman and CEO of Cantor Fitzgerald and CFVI.
Still trying to find more sauce on this.
People were saying some negative things about Rumble.. anyone remember that? Not sure if it was bs or not
It's a Canadian company I read tonight.
Didn't rumble sell out?