A group of prominent conservative venture capitalists is investing in the video platform popular with right-wing users, with a source telling The Wall Street Journal the financing values the company at US$500 million. (The Wall Street Journal)
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A group of prominent conservative venture capitalists is investing in the video platform popular with right-wing users, with a source telling The Wall Street Journal the financing values the company at US$500 million. (The Wall Street Journal)
Talking point: Monthly visits to Rumble grew rapidly last fall, from 800,000 in August to 25 million in October. One factor was an increase in use by high-profile conservatives, such as Devin Nunes and Dan Bongino, and tightened restrictions on speech by YouTube and Facebook leading up to the November U.S. presidential election. In January, Rumble filed a lawsuit against YouTube owner Google, alleging the internet giant was unfairly prioritizing its own video platform in search results. Rumble CEO Chris Pavlovski said the company would use the money to improve its video infrastructure and server capacity, with the aim of eventually offering cloud services to other businesses.
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