Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally Rumble NASDAQ:RUM

The company operates rumble.com, a platform that enables video creators to host, livestream, manage, distribute, and create OTT feeds, as well as monetize their content. It also operates locals.com, a subscription-based video sharing platform. The company was founded in 2013 and is based in Longboat Key, Florida. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

Compared to the company’s year-ago EPS, this represents a change of +883.3%. Sea Limited currently boasts a Zacks Rank of #3 (Hold). For RUMBLE INC, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

1. According to Bloomberg, TikTok’s U.S. operations could be worth at least $40 billion.
2. This is why Rumble stock was up about 14% as of noon ET.
3. The more consequential news for shareholders is the launch of Rumble’s cloud services.
4. Please bear with us as we address this and restore your personalized lists.

Rumble (RUM) stock has done well this year, rising by over 20%, helped by the rising election hype. It has risen by over 64% from its lowest point this year, bringing its market cap to over $1.5 billi… U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.3% on Wednesday.

Please bear with us as we address this and restore your personalized lists. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. Sea Limited’s consensus EPS estimate for the upcoming report has changed +14.1% over the past month to $0.59.

Rumble is benefiting from its role as a free-speech focused video platform and its recent cloud expansion, appealing to clients and advertisers seeking an alternative to the major tech companies. Rumble stock already looked like it would have a good day on the news of its cloud product. But CEO Chris Pavlovski took to social media this morning, sharing the company’s desire to acquire TikTok from ByteDance. For context, Congress is considering banning the popular app unless ByteDance divests it, giving the opportunity associate model risk and model development global markets group iit to a buyer such as Rumble.

Rumble Stock Analysis – MarketRank™

And a stock’s price usually doesn’t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on RUM going forward to see if this recent jump can turn into more strength down the road. This company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +7.1%. Revenues are expected to pros and cons of a passive buy and hold strategy be $29.25 million, up 62.7% from the year-ago quarter. The social media stock responded to the debate last night.

Why Rumble Stock Was Sliding Today

The Act imposed regulations and taxes on molasses, a key ingredient used to produce rum. During the colonial era, rum was among the most-consumed alcoholic drinks in America. Without rum, the colonists may never have fought to win the freedom that Americans enjoy today – the very freedom that Rumble exists to protect. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

Company Insights: RUM

MicroStrategy’s stock has become a Bitcoin proxy and is up by more than 600% in 2024 and over 100% in the last month alone. The post triggered a response from MicroStrategy, Inc. MSTR executive chairman and Bitcoin bull Michael Saylor, who offered to discuss with Pavlovski “why and how” the the new investor’s complete guide to brokers company may want to invest in Bitcoin. RUMBLE INC is part of the Zacks Internet – Software industry. Sea Limited Sponsored ADR SE, another stock in the same industry, closed the last trading session 2.3% lower at $93.56.

Company Overview

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.

Shares of streaming video platform Rumble (RUM 1.09%) popped on Tuesday on a pair of head-turning headlines. First, the company just launched a highly anticipated new product, and it’s looking to acquire TikTok as well. This is why Rumble stock was up about 14% as of noon ET. With an impressive $295.6 million in cash and equivalents on its balance sheet, Rumble can sustain its operations for a long time without relying on equity dilution or debt. The platform also has backing from a consortium of conservative investors, including the billionaire Peter Thiel, who may be incentivized to financially support the platform for political reasons. 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.