The video platform popular with right-wing users will list on the Nasdaq after merging with blank-cheque firm CF Acquisition Corp. VI, with Rumble receiving about US$400 million in proceeds from the deal. (The Logic)
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The video platform popular with right-wing users will list on the Nasdaq after merging with blank-cheque firm CF Acquisition Corp. VI, with Rumble receiving about US$400 million in proceeds from the deal. (The Logic)
Talking point: In a blog post announcing the deal, chief executive Chris Pavlovski said the company is “creating the rails to a new infrastructure that will not be bullied by cancel culture.” It counts high-profile conservatives, such as Devin Nunes and Dan Bongino, among its users, and conservative venture capitalists such as Peter Thiel and J.D. Vance among its investors. 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’s average active monthly users grew from 1.6 million in the third quarter of 2020 to 36 million in the same period this year, according to the release announcing the deal.
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