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Rumble Video Goes Public on NASDAQ

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Wealth Daily writes:

Rumble’s claim to fame is that it doesn’t censor content like competitors YouTube and Twitter do.

Content creators who’ve been delisted and demonetized on YouTube are flocking to Rumble in droves. And the numbers are good.

In June 2022, Rumble had 35 million monthly active users. Just three months later, Rumble boasted an 80% increase in active users, coming in at 63 million in the U.S. and Canada. That’s compared with Twitter’s 68 million monthly active users.

That explosive growth led the company to raise $400 million from prominent venture capitalists, including PayPal co-founder Peter Thiel and Hillbilly Elegy author J.D. Vance.

In an interview with Fox Business, Rumble founder and CEO Chris Pavlovski said, “It’s a turning point in terms of what’s happening on the internet. Things are starting to transcend politics.”

He posted this on the company’s blog yesterday as the stock price soared:

We are for people with something to say and something to share, who believe in authentic expression, and want to control the value of their own creations. We create technologies that are immune to cancel culture. Because everyone benefits when we have access to more ideas, diverse opinions, and dialogue. Join us. We are on a mission to protect a free and open internet.

Now that Rumble’s a publicly traded company, the mainstream media are losing their minds.

According to The Verge, it’s a thorn in the side of Big Tech that isn’t going away, as the company sued Google just last year, alleging the media giant favored its own YouTube platform in search results.

The lawsuit states: “Rumble’s success… has been far less than it could and should have been as a direct result of Google’s unlawful, anti-competitive, exclusionary, and monopolistic behavior.”

Rumble is requesting access to use Google’s search algorithms. And now that a California judge ruled that the case can move forward, everyone is wondering…

Is this the end of YouTube and censorship?

Is online freedom of speech finally going to be a reality?

FOX Business says…

Rumble CEO Chris Pavlovski is enthusiastic about his company’s future as its fast-paced expansion continues.

The video and cloud service platform is set to go public on the stock market Monday after a successful SPAC vote and will begin trading under the “RUM” ticker on Monday.

“I think we were one of the most successful SPACs for 2022,” Pavlovski told FOX Business anchor Maria Bartiromo, Monday, in an exclusive interview on “Mornings with Maria.”

“We raised approximately $400 million and one of the main things that we’re going to be doing with the proceeds is going and really acquiring a lot of content into the platform,” he added.

Pavlovski said many creators are reaching out to him to have their content added to the fast-growing platform amid its ongoing expansion. Watch:

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Source: https://21stcenturywire.com/2022/09/21/rumble-video-goes-public-on-nasdaq/


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