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2026-09-09 08:44
18h ago
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2026-09-08 14:33
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RUM Group Just Gained 33% in a Month: Take Profits, or Buy More? | FMP Stock News | |
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2026-08-31 10:32
9d ago
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2026-08-25 12:45
15d ago
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Wiring the AI Boom: Rumble's $13.7B Pivot | FMP Stock News | |
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Original source text
When a company secures a contract nearly three times its total valuation, the market pays attention. Rumble Inc. NASDAQ: RUM recently locked in a $13.7 billion GPU infrastructure agreement, shattering its valuation model overnight. What started as a specialized video-sharing alternative has rapidly pivoted into a tier-one AI compute provider.Rumble Today $8.98 0.00 (0.00%) As of 08/28/2026 04:00 PM Eastern $4.62▼ $10.60 The fundamental gap between Wall Street's perception of Rumble and its new reality as an enterprise-grade infrastructure player offers a rare asymmetry. Legacy models still price the equity as an unprofitable media platform. Yet, the newly minted multi-billion-dollar compute backlog signals top-line acceleration is coming. Get Rumble alerts: Trapped short sellers now face a transformed business model, setting the stage for institutions to adjust their positions in Rumble's stock. The current market dynamics represent a pricing dislocation, one that investors could choose to capitalize on as the narrative shifts from advertising revenue to hyperscale cloud computing. Rewiring Financials for the New Cloud EraThe scale of this operational transition becomes clear when evaluating the balance sheet alongside forward guidance. Rumble currently has a market capitalization of around $5 billion. That multiple once looked stretched for a standard video hosting platform, especially against trailing 12-month revenues of approximately $117 million. The recent partnership anchoring an extensive Georgia infrastructure expansion flips the script entirely. This single deal represents roughly 100 times the current annual revenue, cementing a paradigm shift. Management is already broadcasting the immediate financial impact of this pivot. During the latest earnings call, forward revenue guidance for the third quarter of 2026 was aggressively revised upward to a range of $87 million to $93 million. To put that in perspective, this new target easily eclipses the prior consensus estimate of about $88.7 million and effectively doubles the second quarter's actual revenue of approximately $40.37 million. Investors are watching the real-time top-line realization of an AI pivot. Rumble's cloud segment is no longer a peripheral venture; it is quickly becoming the central economic engine of the operation. Institutional investors often hunt for precisely this type of inflection point, where growth accelerates so violently that legacy valuation frameworks completely break down. The transition requires the market to re-evaluate Rumble not as a content distributor, but as an essential supplier of processing power. Front-Running the $13.7B Server ShockwaveAs the underlying business transforms, market positioning reveals a fascinating structural tug-of-war. The legacy Wall Street consensus remains stubbornly anchored in the past. The stock carries a universal Sell rating from analysts who last updated their models weeks before the GPU catalyst materialized. Because Sell-side upgrades frequently lag major fundamental shifts, these outdated models create a pricing blind spot for the retail market. This delay leaves a large portion of the market caught off guard, particularly on the short side. Short interest levels remain distinctly bearish, established when the market viewed Rumble solely as a cash-burning media entity. Rumble's high short float trapped by a sudden, multi-billion-dollar infrastructure pivot provides the exact fuel needed for a sustained, volume-driven rally. Short sellers could be forced to cover their positions just as long-term buyers step in to capture the upside in new computing. Rumble Inc. (RUM) Price Chart for Monday, August, 31, 2026 Behind the scenes, the smart money is already maneuvering. Options market data revealed heavy accumulation of call options just days before the definitive contract announcement, signaling that institutional players were positioning ahead of the news. Looking at the capitalization table, insider ownership metrics reveal deep-pocketed technology allocations. The presence of strategic holders like David O. Sacks and entities such as Tether Global Investments indicates strong conviction in this enterprise infrastructure pivot. Retail watchlists show a strong cross-asset correlation between Rumble and semiconductor sector giants like NVIDIA Corporation NASDAQ: NVDA and Advanced Micro Devices NASDAQ: AMD, suggesting the broader market is quietly beginning to re-rate this equity as a pure-play AI asset. Capital Expenditure Meets Long-Term LeverageWhile the top-line trajectory is undeniable, building data centers requires substantial upfront spending. Investors should expect short- to medium-term margin compression as Rumble physically builds out the Georgia facilities required to service this large-scale contract. With legacy net margins deep in negative territory and trailing earnings per share hovering near a 59-cent loss, Rumble will likely burn cash to scale its physical infrastructure. Free cash flow expansion will inherently lag revenue realization, a standard lifecycle phase for any capital-intensive infrastructure build. Building the physical backbone of the internet requires patience. The path to profitability is accelerating at a surprising rate. Forward projections indicate earnings will improve substantially, from an expected loss of 69 cents per share to approximately a 15-cent-per-share loss over the next year. This sharp upward trajectory signals that the scale efficiencies gained through the new cloud service agreements will outpace infrastructure spend faster than current sell-side models project. As the $13.7 billion backlog absorbs fixed costs, true operational leverage will kick in. Plugging Into the High-Speed Computing ShiftBy locking in a long-term compute contract, Rumble offers a unique, asymmetric upside relative to the hyperscaler market, which is heavily saturated. The sheer size of this GPU deal guarantees long-term revenue visibility, effectively de-risking the top line for years to come. Rumble has positioned itself as a bridge for enterprises that need raw computing power outside the traditional tech monopolies. Investors might consider utilizing pullbacks to accumulate a position before the broader analyst community is forced to drastically revise their valuation models upward. The transition from a consumer-facing media application to a foundational pillar of the AI physical economy is rarely priced in seamlessly, making the current volatility a compelling window to align with an undeniable structural shift. Investors who recognize this computing evolution early may find themselves well-positioned as Rumble completely rewrites its financial narrative. Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in Rumble Right Now?Before you consider Rumble, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rumble wasn't on the list. While Rumble currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important. Get This Free Report |
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Saved
2026-08-31 10:32
9d ago
Published
2026-08-25 18:17
15d ago
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RUM Group: Great Risk That Offers Great Potential (Upgrade) | FMP Stock News | |
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Original source text
37.83K FollowersAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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Saved
2026-08-31 10:32
9d ago
Published
2026-08-26 11:21
14d ago
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RUM Group: Still Early In AI Cloud Shift | FMP Stock News | |
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Original source text
56.6K FollowersAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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Saved
2026-08-24 17:10
16d ago
Published
2026-08-24 10:46
16d ago
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Georgia Infrastructure Expansion Anchors $13.7 Billion RUM Group Contract | FMP Stock News | |
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Original source text
RUM Group Inc. (formerly Rumble) (NASDAQ:RUM) entered into a binding warrant term sheet with an unaffiliated U.S.-based third-party cloud customer on Sunday, August 23, alongside a major commercial agreement.Under the six-year contract, the customer will purchase access to graphics processing units (GPUs) and GPU services at the company’s Maysville, Georgia location, which is currently under development. The commercial agreement features a total order value of approximately $13.7 billion, split evenly across three distinct tranches. To establish binding obligations or liabilities for the third tranche, the customer must first review and approve the company’s proposed delivery date using reasonable discretion. Both organizations will negotiate in good faith to complete a definitive warrant agreement. Warrant Terms And Equity StructureRUM, in an SEC filing on Monday, noted that the binding term sheet outlines the issuance of a warrant granting the customer the right to acquire up to 50.81 million Class A shares at an exercise price of $0.01 per share. Read Next Vesting for these warrant shares directly correlates with customer purchases made under the commercial agreement and any potential future expansion agreements. The initial 50% of the warrant shares vest in three tranches of 16.67% each as the customer fulfills purchase requirements for the first three commercial tranches. The remaining 50% of the warrant shares are eligible to vest across five expansion tranches of 10% each if the parties execute subsequent commercial agreements for additional GPU services during the contract term. Expansion Tranches And Termination ClausesFor all five expansion tranches to vest, the customer must purchase GPU services exceeding two-and-a-half times the volume delivered under the primary three tranches. Any unvested portion of the warrant will automatically terminate upon the expiration or termination of the commercial or expansion agreements, or if the customer commits an uncured material payment breach. RUM Price Action: RUM Group shares were up 5.30% at $9.52 at the time of publication on Monday, according to Benzinga Pro data. Read Next Photo Courtesy: Tada Images On Shutterstock.com Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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Saved
2026-08-24 14:44
16d ago
Published
2026-08-24 08:44
16d ago
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Trump-linked RUM Group signs $13.7 billion AI deal with US-based cloud client | FMP Stock News | |
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Original source text
Aug 24 (Reuters) - RUM Group (RUM.O), opens new tab, which hosts U.S. President Donald Trump's Truth Social platform, said on Monday it has signed a contract with an unnamed U.S.-based cloud customer worth about $13.7 billion to supply AI chips.Shares of RUM Group rose more than 8% in premarket trading. Sign up here. Here are some details: Rumble started operating as RUM Group in June after closing its acquisition of German AI cloud company Northern Data, creating a new AI-infrastructure business as it seeks to capitalize on booming AI compute demand. Under the deal, the customer will get access to GPUs and related services from RUM Group's Maysville, Georgia site, which is currently under development. RUM Group said it is giving the unnamed customer the option to buy around 51 million shares of its stock for just one cent each, according to a regulatory filing, opens new tab. The option will become available to the customer gradually over six years, as the client fulfills the purchase agreements. The customer will buy $13.7 billion in GPU services over six years in three parts, with the last instalment contingent on a delivery date approved by the client. RUM Group did not immediately respond to a Reuters request for comment about the customer. The company said it currently lacks the necessary funds and plans to raise capital through debt or equity to fulfill this contract. Reporting by Pooja Desai Our Standards: The Thomson Reuters Trust Principles., opens new tab |
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Saved
2026-08-17 15:43
23d ago
Published
2026-08-17 11:29
23d ago
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Trump Media Slides 4% as It Abandons Its Bitcoin Treasury Bet, Rumble Gains 4% | FMP Stock News | |
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Original source text
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.Trump Media & Technology Group (NASDAQ:DJT) stock is down 4% to $7.96 in late-morning trading Monday after the company signaled a retreat from the bitcoin treasury strategy it embraced last year. The move extends a bruising stretch for the stock. Trump Media shares are down 38% year to date (YTD). Over the trailing year, Trump Media stock is down 53%, well below its 52-week high of $18.97. Bitcoin Retreat Sparks the Selloff The catalyst is a strategic pivot back to media and advertising after nearly $200 million in crypto losses, including a reported $190 million paper loss on its holdings. Trump Media built the position as bitcoin was peaking. Bitcoin (CRYPTO:BTC) has been sliding for more than 10 months, quoted at $63,000 against an all-time high of $126,000. The token is down 46.61% over the past year and down 28.32% YTD, a backdrop that turned Trump Media’s balance sheet bet into a growing drag on earnings. Interim CEO Kevin McGurn stated the company has “refined” its approach to capital allocation, redirecting resources toward Truth Social, Truth+, and the Truth API data feed. Trump Media has also agreed to acquire TAE Technologies, a private nuclear fusion energy firm, in a deal it aims to close by year-end. The Financial Picture Behind the Pivot Trump Media posted a second-quarter net loss of $238 million, driven almost entirely by paper losses on its crypto holdings. Trailing 12-month revenue is $4.5 million against a trailing net loss of $1.3 billion, while market capitalization was about $2.3 billion as of the August 12 close. Truth Social generated $1.7 million in revenue last quarter, underscoring how small the operating business is next to the balance sheet bets. General Counsel Scott Glabe disposed of 25,546 shares on August 13 at a weighted average price of $8.32, retaining 586,497 shares, a routine administrative transaction tied to tax withholding on vesting equity that doesn’t signal an outlook. Strategy Shows the Peer Read Strategy (NASDAQ:MSTR | MSTR Price Prediction) stock is up 4% to $96.99 midday Monday, though the shares are down 75% over the past year. The one-year drop illustrates how punishing the treasury-first model has become. Strategy reported a paper loss of nearly $10 billion on its bitcoin holdings in the past quarter, having acquired 840,447 BTC at an average price of $75,482 against a current bitcoin price well below that mark. That leaves an open concern: forced selling by a large holder could pressure the wider crypto market. Rumble Trades Higher as the Alt-Media Alternative Rumble (NASDAQ:RUM) stock is up 4% to $7.77 Monday morning as investors rotate into the alternative-media peer. Rumble shares are up 18% YTD, though still down 7% over the past year. Rumble’s positioning as an alt-tech platform trading higher while Trump Media falls captures the day’s rotation. Reddit sentiment on Strategy has swung to very bearish, driven by a WallStreetBets thread titled “Why I Expect $MSTR at $40ish in 8-12 Weeks”, suggesting retail skepticism toward the treasury model itself, not just Trump Media’s exit. What to Watch What a Trump Media shareholder owns now is a bet on the pivot working, a pending and unproven fusion acquisition, and a social platform with minimal revenue. Investors can watch for how the company funds and executes the media pivot, whether the TAE Technologies deal closes by year-end, what happens to the remaining bitcoin position, and whether Truth Social revenue grows from its current base. The read-through for Strategy is more complicated. If Trump Media’s exit marks a broader loss of confidence in the corporate bitcoin treasury playbook, MSTR — the archetype of that model — faces both sentiment pressure and the tail risk that a large holder eventually becomes a forced seller. For Rumble, today’s rotation is a reminder that the alt-media trade doesn’t require a crypto balance sheet. Execution on the Northern Data AI infrastructure integration and the Tether ad commitment will determine whether the RUM bid holds beyond a single session’s peer swap. Contact [email protected] for any questions or corrections. |
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Saved
2026-08-17 06:02
23d ago
Published
2026-08-17 00:02
24d ago
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Rumble Eyes $3B AI Compute Run Rate From 250MW Power Pipeline | FMP Stock News | |
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Original source text
Rumble’s $767M Acquisition Marks Bold Pivot Into AI InfrastructureRumble NASDAQ: RUM is positioning its recently combined operations as an AI compute infrastructure business with a substantial 2027 power pipeline, while continuing to operate its established video platform separately.Speaking at an event with Canaccord Genuity Equity Research Senior Analyst Kingsley Crane, RUM Group CFO Mike Massey said the company now consists of two autonomous businesses: Rumble Video and Quake AI. Rumble Video has more than 50 million monthly active users, according to Massey, while Quake AI combines Rumble’s cloud, content-delivery network and data-center assets with GPU-as-a-service capabilities acquired through Northern Data. Get Rumble alerts: Rumble Stock Gets Ready to Rumble in its Second Quarter Massey said Rumble built much of its own infrastructure because of its history as a free-speech video platform, including its CDN and data centers. The company is also exploring potential AI-training applications for its video data after receiving outreach from robotics companies interested in spatial and temporal video datasets, he said. Quake AI Focuses on Compute Expansion The company’s primary financial opportunity is expected to come from Quake AI, Massey said. The business currently operates 22,000 Hopper-generation GPUs, mainly in Europe, serving more than 50 customers across inference, training, pre-training and QLoRA workloads. Is Rumble Revving Up for Growth or Just Sputtering? According to Massey, utilization of the existing GPU fleet improved from less than 20% in the middle of last year to more than 83% consistently during the first half of the current year. He attributed the improvement to new management and a renewed focus on execution and customer credibility following the Northern Data acquisition. Quake AI’s largest contract to date is a multiyear, $270 million agreement with Together AI for NVIDIA B300 GPUs, Massey said. He described the contract as an initial proof point that Quake can deliver latest-generation GPU capacity at scale. RUM Group’s central expansion opportunity is 250 megawatts of grid-connected power expected to be available in 2027. Massey said monetizing that capacity could represent a revenue run rate of more than $3 billion at current market rates, though the company must still execute on construction, customer agreements and equipment deployment. 180 megawatts are associated with a site in Atlanta, Georgia. A smaller Pittsburgh site is expected to serve AI-native customers. The company also has 50 megawatts in Sweden and 20 megawatts in Norway. Massey said the Atlanta location has use permits, a Georgia Power CES agreement, an installed substation and transformers already in place. The company is engaging with multiple hyperscalers as it seeks a partner for the site, he said. Capital Needs and Equipment Supply In discussing the buildout, Massey said data-center capital expenditures generally range from $8 million to $12 million per megawatt. The company is targeting NVIDIA’s Vera Rubin architecture for its next generation of deployment. For an 180-megawatt project, he said the required installation could amount to roughly 40,000 to 50,000 GPUs. Massey said the company expects that a majority of construction capital could be financed when supported by long-term, take-or-pay customer agreements. He identified selecting financeable customers and partners as a key priority. While GPU availability remains an industry concern, Massey said management is less concerned about chip supply than about construction-related constraints, such as skilled labor, steel, uninterruptible power systems and chillers. He said the Atlanta market offers a strong labor pool and that several long-lead items, including transformers, a substation and generators, are already available. The company has a strategic relationship with Tether, which Massey said owns nearly 50% of the combined company. He said Tether’s position as a major investor is a “tailwind” in discussions with partners because of its capital base and international reach. Pricing and Operating Strategy Massey said Quake’s current Hopper GPU estate generates roughly $6 million to $7 million of annual revenue per megawatt. He said latest-generation Blackwell systems have been priced at more than $11 million per megawatt annually, while future Vera Rubin deployments are expected to command a premium. He added that demand continues to exceed supply across AI compute markets and that pricing for Hopper capacity has strengthened. Massey also argued that older GPU generations could remain useful longer than some investors expect, as customers use different hardware generations for different tasks such as retraining and recursive inference. Quake AI intends to remain focused on infrastructure rather than expanding into software or platform-as-a-service offerings, Massey said. He said the company wants to avoid competing with customers that provide higher-level AI services, arguing that operating GPU hardware and data centers at scale remains a valuable business in its own right. While Rumble Video remains part of the company, Massey said Quake AI’s financial results are expected to “far outstrip” those of the video platform over time. He said management believes the broader market has not yet fully recognized RUM Group’s position in AI compute as a service. About Rumble (NASDAQ:RUM)Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company's primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming. In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in Rumble Right Now?Before you consider Rumble, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rumble wasn't on the list. While Rumble currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy. Get This Free Report |
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2026-08-14 17:51
26d ago
Published
2026-08-14 12:32
26d ago
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RUM Group Stock Pauses After Post-Earnings Rally: What Investors Need to Know | FMP Stock News | |
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RUM Group Inc. (NASDAQ:RUM) shares are trading marginally lower on Friday as traders continue to digest the post-earnings AI-infrastructure storyline and acquisition-driven revenue jump.RUM Group stock is facing resistance. What’s driving RUM stock lower? What’s Driving RUM Group’s Revenue Growth?Second-quarter revenue came in at $40.37 million (up 61% year-over-year), helped by the closed Northern Data acquisition, which contributed $10.1 million of quarterly revenue and pushed results to a company record. Management also guided third-quarter revenue to $87 million to $93 million versus a Street forecast of $65.2 million that may not yet reflect the closed deal. Despite the revenue acceleration, the quarter included a net loss of 28 cents per share, wider than the Street’s loss-of-9-cents view, keeping profitability front-and-center even as the AI narrative expands. Rum Group CEO Chris Pavlovski called this a “transformational quarter” for the company, establishing the Quake AI cloud and AI infrastructure business alongside the Rumble video platform business. “With Quake AI’s existing GPU estate running at 85% utilization, a new multi-year agreement with Together AI, and 250 megawatts of targeted 2027 power, which we believe represents a $3 billion-plus annual run-rate opportunity, RUM Group is uniquely positioned to power the coming robotic and agentic AI era, combining scaled AI compute with the trove of Rumble’s video data and creator community that today’s neoclouds simply don’t have,” Pavlovski said. Critical Moving Averages Levels for RUMRUM is trading above all major moving averages, which keeps the intermediate trend constructive: the stock is 18.4% above its 20-day SMA ($6.32) and 16.4% above its 200-day SMA ($6.42). That said, the 20-day SMA is still below the 50-day SMA (a bearish short-term alignment), even as the 50-day SMA remains above the 200-day SMA after the golden cross in June. For momentum, MACD is the cleaner read right now: it’s above its signal line and the histogram is positive, which suggests upside pressure is improving versus the prior downswing. In plain terms, when MACD is above its signal line, it often means sellers are losing control and buyers are starting to press again. Key Resistance: $8.50 — a nearby round-number area where rebounds can stall Key Support: $6.00 — a nearby round-number level where dip-buyers may defend RUM Stock Price Movement on FridayRUM Stock Price Activity: RUM Group shares were down 0.13% at $7.53 at the time of publication on Friday, according to Benzinga Pro data. Read Next Image: Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-08-12 20:07
28d ago
Published
2026-08-12 15:18
28d ago
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RUM Group Shares Surge Wednesday: What's Driving the Action? | FMP Stock News | |
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Original source text
RUM Group Inc. (NASDAQ:RUM) shares are trading higher on Wednesday as investors react to record revenue, closes and a newly expanded AI-infrastructure narrative.RUM Group shares are powering higher. What’s behind RUM gains? The company posted second-quarter revenue of $40.37 million (up 61% year-over-year) and closed its Northern Data acquisition, which contributed $10.1 million of quarterly revenue and helped drive a company revenue record. Management also guided third-quarter revenue to $87 million to $93 million versus a Street forecast of $65.2 million that may not yet reflect the closed deal. RUM’s upside move is also coming despite a second-quarter net loss of 28 cents per share, wider than the Street’s loss-of-9-cents view, keeping profitability a key debate even as revenue accelerates. CEO Chris Pavlovski called the quarter "transformational," pointing to Quake AI’s GPU estate running at 85% utilization and a new multi-year agreement with Together AI. RUM Stock: Key Levels To WatchAt $6.97, the stock is trading above all major moving averages, including the 20-day SMA ($6.15), 50-day SMA ($6.59), 100-day SMA ($6.66), and 200-day SMA ($6.42), which keeps the intermediate trend constructive despite recent volatility. The bigger-picture setup is mixed: the 50-day SMA is above the 200-day SMA (a golden cross that occurred in June), but the 20-day SMA remains below the 50-day SMA, suggesting the shorter-term trend is still trying to fully re-accelerate. MACD is the cleaner momentum read right now: it’s above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing. In plain terms, when MACD is above the signal line, it often means sellers are losing control and buyers are starting to press again. From a levels standpoint, the next upside "check" is whether price can work toward the upper part of the 52-week range after the June swing high and 52-week high. Key levels to watch: Key Resistance: $8.50 — a nearby round-number area where rebounds can stall Key Support: $6.00 — a nearby round-number level near the 20-day SMA zone where dip-buyers may defend RUM Stock Price Activity on WednesdayRUM Stock Price Activity: RUM Group shares were up 9.97% at $7.61 at the time of publication on Wednesday, according to Benzinga Pro data. Read Next Image: Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-08-11 20:02
29d ago
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2026-08-11 13:54
29d ago
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RUM Group's $3 Billion AI Opportunity | FMP Stock News | |
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RUM Group posted record quarterly revenue as its push into AI infrastructure begins to show up in results following its acquisition of Northern Data. CEO Chris Pavlovski joins Bloomberg to discuss the company's Quake AI business, its push to monetize more than 250 megawatts of power capacity and what he calls a $3 billion annual revenue opportunity. |
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2026-08-11 03:12
30d ago
Published
2026-08-10 21:04
30d ago
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Rumble Q2 Earnings Call Highlights | FMP Stock News | |
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Rumble’s $767M Acquisition Marks Bold Pivot Into AI InfrastructureRumble NASDAQ: RUM reported second-quarter revenue of $40.4 million, up 61% from $25.1 million a year earlier, as the company completed its acquisition of Northern Data and reorganized under the new parent-company name RUM Group Inc.Founder, Chairman and CEO Chris Pavlovski said the June 17 closing of the Northern Data transaction, through which RUM Group secured approximately 85.2% of Northern Data’s outstanding shares, marks the company’s entry into cloud and agentic AI infrastructure. The combined company will operate two business units: the Rumble video platform and Quake AI, which combines Rumble Cloud with Northern Data’s GPU fleet. Get Rumble alerts: Rumble Stock Gets Ready to Rumble in its Second Quarter Quake AI has roughly 22,000 NVIDIA H100 and H200 GPUs, according to Pavlovski. He said the GPU estate was operating at more than 85% utilization, reflecting improvements in customer support, software and infrastructure-as-a-service execution. Northern Data acquisition reshapes business Pavlovski described Quake AI as the company’s future financial engine, positioning RUM Group as an end-to-end AI infrastructure provider that combines Rumble’s existing compute, content-delivery network and streaming infrastructure with Northern Data’s AI compute operations. Is Rumble Revving Up for Growth or Just Sputtering? In June, the company signed a multiyear agreement with Together AI to deploy NVIDIA HGX B300 GPU capacity. Pavlovski said the agreement establishes RUM Group as an independent provider of large-scale AI infrastructure outside the traditional hyperscaler ecosystem. The company is targeting the monetization of 250 megawatts of power capacity in 2027. Its portfolio includes a 180-megawatt powered site near Atlanta, where the substation has been built and transformers are on site, as well as a smaller Pittsburgh location and European sites with roughly 50 megawatts in Sweden and 20 megawatts in Norway. Management said monetizing the currently unmonetized 250 megawatts could represent a $3 billion-plus annual revenue run-rate opportunity, though that figure reflects the company’s view of the potential opportunity rather than guidance. During the question-and-answer session, Pavlovski said he expects demand for AI compute to remain ahead of available capacity over the next one to two years, citing growth in inference and agentic AI. CFO Mike Masci said the company is focused on AI compute as a service rather than a “powered shell” approach, in which a company provides a data-center facility and power while customers furnish their own computing equipment. Masci said RUM Group does not intend to enter customer contracts unless it has strong visibility into obtaining the hardware and capacity needed to fulfill them. He noted that the company recorded nearly $47 million in investing activities during the quarter, largely related to IT capital expenditures needed for its AI compute-as-a-service operations. Expenses and losses rise following transaction Second-quarter cost of services rose to $30.6 million from $26.5 million a year ago, driven by higher programming and content expenses along with data-center costs from the Northern Data acquisition. General and administrative expense increased to $16.3 million from $11.7 million, including $5 million of payroll and other administrative costs contributed by Northern Data. Research and development expense rose to $6.8 million from $4.8 million, while sales and marketing expense increased to $10.4 million from $7.9 million. Masci attributed the sales and marketing increase to higher marketing and public-relations spending, payroll and other related costs. Adjusted EBITDA loss improved to $16.6 million from a loss of $20.5 million in the prior-year quarter. Net loss was $80.3 million, including $79.1 million attributable to RUM Group Inc., compared with a net loss of $30.2 million a year earlier. The larger net loss primarily reflected $28.3 million in acquisition-related transaction costs associated with the Northern Data closing, along with higher non-cash depreciation and amortization following the acquisition, Masci said. RUM Group ended the quarter with total liquidity of $220.5 million, consisting of $203.3 million in cash and cash equivalents and 293.14 Bitcoin valued at about $17.2 million. Third-quarter revenue guidance issued For the third quarter, RUM Group expects revenue between $87 million and $93 million. The forecast will be the company’s first full quarter reflecting Quake AI following the Northern Data transaction. Masci said the company plans to begin reporting results through two operating segments, Rumble Video and Quake AI, starting with its third-quarter report. Each segment will have separate revenue and profitability metrics. The company will no longer present monthly active users and average revenue per user as headline corporate metrics, Masci said, because they describe only the video audience business and no longer represent the full company. Video business reports higher ARPU Rumble’s average global monthly active users totaled 57 million in the second quarter. Average revenue per user was $0.48, up 20% sequentially. Pavlovski said management remains focused on increasing video revenue through brand advertising. Masci said $4.8 million of second-quarter revenue was related to Tether. Pavlovski also said some Quake AI customers have expressed interest in Rumble’s video data. He said the company is evaluating ways to monetize that data and potentially create another revenue source for its creator community as AI development moves toward robotics and agentic systems. About Rumble (NASDAQ:RUM)Rumble Inc operates a video-sharing platform designed to offer creators and audiences an alternative to traditional social media and streaming services. The company's primary business activities include hosting, distributing and monetizing user–generated and professional video content. Through its platform, Rumble enables content creators to retain a higher share of advertising revenue and maintain greater control over their intellectual property, while offering viewers open access to a wide range of videos spanning news, sports, entertainment and educational programming. In addition to its core video platform, Rumble provides cloud–based video hosting and delivery services via Rumble Cloud, a content–delivery network (CDN) designed to support high–volume streaming and storage. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in Rumble Right Now?Before you consider Rumble, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rumble wasn't on the list. While Rumble currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation. Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America. Get This Free Report |
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2026-08-11 00:47
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2026-08-10 18:21
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RUM Group Inc. (RUM) Reports Q2 Loss, Tops Revenue Estimates | FMP Stock News | |
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RUM Group Inc. (RUM - Free Report) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.1. This compares to a loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50.00%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.11, delivering a surprise of -22.22%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. RUM Group Inc., which belongs to the Zacks Internet - Content industry, posted revenues of $40.37 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 31.66%. This compares to year-ago revenues of $25.08 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. RUM Group Inc. shares have added about 1% since the beginning of the year versus the S&P 500's gain of 13.3%. What's Next for RUM Group Inc.?While RUM Group Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for RUM Group Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.02 on $88.71 million in revenues for the coming quarter and -$0.22 on $239.63 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Content is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, PodcastOne, Inc. (PODC - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 12. This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +75%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. PodcastOne, Inc.'s revenues are expected to be $17.84 million, up 19% from the year-ago quarter. |
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2026-08-11 00:47
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2026-08-10 18:28
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RUM Group Inc. (RUM) Q2 2026 Earnings Call Transcript | FMP Stock News | |
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RUM Group Inc. (RUM) Q2 2026 Earnings Call Transcript |
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2026-08-10 22:23
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2026-08-10 16:44
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Rumble Parent Reports Record Revenue, Closes AI Acquisition: What Investors Should Know | FMP Stock News | |
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RUM Group (NASDAQ:RUM) reported second-quarter financial results Monday after market close.Here are the key highlights. • RUM Group stock is showing downward bias. What’s next for RUM stock? Rum Group Q2 EarningsRum Group announced second-quarter revenue of $40.37 million, up 61% year-over-year. The revenue total beat a Street consensus estimate of $31.24 million, according to data from Benzinga Pro. The company closed the acquisition of Northern Data in the quarter. This acquisition was responsible for quarterly revenue of $10.1 million. This marked a quarterly revenue record for the company. Excluding the acquisition, revenue was $30.3 million, up 21% year-over-year and was a record for the Rumble Video business. Rum Group reported a net loss of 28 cents per share, missing a Street consensus estimate of a loss of nine cents per share. Read Next What’s Next for Rum GroupWith the Northern Data acquisition, a push into AI and the Rumble video platform, the company is now diversified across several growth sectors. Rum Group CEO Chris Pavlovski called this a "transformational quarter" for the company, establishing the Quake AI cloud and AI infrastructure business alongside the Rumble video platform business. "With Quake AI’s existing GPU estate running at 85% utilization, a new multi-year agreement with Together AI, and 250 megawatts of targeted 2027 power, which we believe represents a $3 billion-plus annual run-rate opportunity, RUM Group is uniquely positioned to power the coming robotic and agentic AI era, combining scaled AI compute with the trove of Rumble’s video data and creator community that today’s neoclouds simply don’t have," Pavlovski said. The company is guiding for third quarter revenue to be in a range of $87 million to $93 million. The current Street forecast is $65.2 million according to data from Benzinga Pro, which may not factor in the closed acquisition of Northern Data. RUM Stock Price ActionRum Group stock is down 0.8% at $6.16 in after-hours trading Monday versus a 52-week trading range of $4.62 to $10.54. Read Next Photo Courtesy: Tada Images On Shutterstock.com Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-08-10 12:45
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2026-08-10 08:03
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RUM Group Stock Sits 9% Above Its 20-Day Average Ahead of Today's Report | FMP Stock News | |
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RUM Group Inc. (NASDAQ:RUM) shares are in the spotlight Monday with earnings slated for release today after the market close.RUM Group shares are advancing steadily. Why is RUM stock advancing? Earnings Preview & HistoryRUM Group is expected to report a loss of 9 cents per share along with revenue of $31.24 million. For the prior quarter, the company reported a loss of 12 cents per share, missing the consensus estimate of a 9-cent loss. It also reported revenue of $25.46 million, missing the consensus estimate of $25.98 million. What to WatchInvestors will be closely tracking the company’s first formal financial guidance since rebranding as RUM Group, as management has signaled it plans to begin providing formal guidance with this report. Progress at Quake AI, the company’s cloud and AI infrastructure business formed from the Northern Data acquisition, will also be in focus, including GPU utilization rates and updates on the $270 million in multi-year contracts previously disclosed. Commentary on the $100 million advertising commitment from Tether — expected to scale materially in the second half of 2026 — along with monthly active user trends on Rumble’s video platform, should offer additional signals on whether the company’s dual-business strategy is gaining traction. RUM Trades Above Its 200-Day, Below Everything ElseAt $6.49, RUM is trading 9.1% above its 20-day SMA ($6.01), but it remains 2.7% below its 50-day SMA ($6.74) and 0.8% below its 100-day SMA ($6.61), keeping the intermediate trend in "prove it" mode. The stock is also 2.1% above its 200-day SMA ($6.42), a constructive longer-term tell as long as it can stay north of that line on pullbacks. Momentum is neutral: RSI sits at 50.74, which generally signals the stock isn’t stretched and is still deciding between range trade and trend continuation. In that context, traders often watch for RSI to push and hold above the midline as confirmation that upside pressure is building rather than fading. The moving-average structure is mixed, with the 20-day SMA still below the 50-day SMA (a bearish short-term alignment), even after the golden cross in June when the 50-day SMA moved above the 200-day SMA. That combination often shows up in "repair" phases—longer-term trend improving, but the stock still needs follow-through to reclaim the 50-day and 100-day areas. Recent turning points also frame the current setup: a swing high formed in June, followed by a swing low in July, and the stock broke above resistance in July before later breaking below support in July—classic chop that can trap both sides. From here, a sustained hold above the 200-day area improves the odds that the July low becomes a more durable floor. Key Resistance: $6.50 — a nearby round-number area that’s also close to the 100-day SMA zone, where rebounds can stall Key Support: $6.00 — a nearby psychological level that sits close to the 20-day SMA area and has been a spot where buyers previously stepped in Read Next RUM Shares Race HigherRUM Price Action: At the time of publication, RUM shares are trading 2.90% higher at $6.57, according to data from Benzinga Pro. This illustration was generated using artificial intelligence via Midjourney. This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-08-03 14:44
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2026-08-03 09:00
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RUM Group Inc. Announces Timing of Second Quarter 2026 Earnings Release and Conference Call as well as Upcoming Conference Participation | FMP Stock News | |
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August 03, 2026 09:00 ET | Source: Rumble, Inc.LONGBOAT KEY, Fla., Aug. 03, 2026 (GLOBE NEWSWIRE) -- RUM Group Inc. (NASDAQ: RUM) (“RUM Group” or the “Company”), an AI infrastructure and video company on a mission to unlock the power of human imagination, today announced that it will release financial results for the fiscal quarter ended June 30, 2026 after market close on Monday, August 10, 2026. The Company will host a conference call on the same day at 5:00 p.m. Eastern Time. Access to the live webcast and replay of the conference call, along with related earnings release materials, will be available here and on RUM Group's Investor Relations website at investors.rumble.com. Upcoming Investor Conferences RUM Group’s management team will participate in the following upcoming conferences: Canaccord Genuity’s 46th Annual Growth Conference, to be held August 11-13, 2026 at the InterContinental Boston in Boston, MA.The Oppenheimer 29th Annual Technology, Internet & Communications Conference, to be held virtually on August 11-13, 2026. Chris Pavlovski, the Chief Executive Officer, and Michael Masci, the Chief Financial Officer of RUM Group, will participate in an analyst-selected fireside chat on Tuesday, August 11, 2026, at 2:55 PM ET. The fireside chat will be available for viewing here and on the Company’s Investor Relations website. Management will conduct one-on-one meetings with institutional investors throughout both conferences. To request a meeting with RUM Group’s management during the upcoming conferences, please contact your conference representative or the Company’s Investor Relations team at [email protected]. About RUM Group Inc. RUM Group Inc. is an AI infrastructure and video company. Its Quake AI business delivers AI compute as a service, operating AI data centers including GPU and CPU compute, storage, and networking at scale. Rumble, RUM Group's video business and the original tenant of Quake AI, provides creators and enterprises a full suite of video technologies, unlocking reach, scale, and monetization. RUM Group is building the rails of the agentic-first enterprise: the AI compute, cloud infrastructure, and trust layer for the agentic AI future, advancing RUM Group's mission to maximize the power of human imagination. For more information visit www.rum.group. For investor inquiries, please contact: Shannon Devine MZ Group, MZ North America 203-741-8811 [email protected] Source: RUM Group Inc. |
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2026-06-30 11:18
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2026-06-30 07:00
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RUM Group Inc. Announces the Filing of Updated Investor Materials | FMP Stock News | |
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LONGBOAT KEY, Fla., June 30, 2026 (GLOBE NEWSWIRE) -- RUM Group Inc. (NASDAQ: RUM) (“RUM” or the “Company”), a holding company building the foundational rails for the agentic economy, today announced the filing of updated investor materials. |
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2026-06-26 18:40
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2026-06-26 12:50
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Tether Acquires 4.6 Million More Rumble Shares. Does that Make RUM a Buy? | FMP Stock News | |
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Digital media platform Rumble Inc. (RUM 0.24%), known for video sharing and livestreaming, just recorded a notable insider buy amid ongoing sector competition.Tether Global Investments Fund reported an open-market acquisition of 4,599,365 shares for a transaction value of approximately $36.2 million, as disclosed in the SEC Form 4 filing. Transaction summaryMetricValueShares traded4,599,365Transaction value$36.2 millionPost-transaction shares (direct)0Post-transaction shares (indirect)141,877,369Post-transaction value (direct ownership)~$0Transaction value based on SEC Form 4 weighted average purchase price ($7.88); post-transaction value based on June 17, 2026 SEC Form 4 reported position value ($0.00). Key questionsWhat structure or mechanism governed the acquisition of Rumble shares in this transaction? This acquisition was conducted through the exercise of derivative securities, specifically pre-funded warrants, by Tether Investments, S.A. de C.V, a wholly owned subsidiary of Tether Global Investments Fund, S.I.C.A.F. S.A, with all shares held indirectly post-transaction.How did this transaction affect the insider's overall ownership and stake in Rumble? The transaction resulted in indirect Class A holdings of 141,877,369 shares after completion, while direct ownership remained unchanged at zero.What is the significance of the remaining pre-funded warrants and indirect holdings for future equity exposure? With 154,408,073 pre-funded warrants still outstanding (all indirect), Tether Global Investments Fund, S.I.C.A.F. S.A. retains the capacity to further increase its Class A Common Stock exposure in line with voting limitations and capital allocation strategy.How does the transaction size compare to previous activity, and does it signal a change in cadence? While the 4.6 million shares acquired are higher than the only other previously reported transaction (777,012 shares in February 2026), the overall cadence remains episodic, with only two acquisition events disclosed since February of this year, likely reflecting transaction-specific capacity constraints and contractual considerations rather than a trend shift.Company overviewMetricValuePrice (as of market close 2026-06-17)$7.88Market capitalization$2.71 billionRevenue (TTM)$102.38 millionNet income (TTM)-$109.45 million* 1-year performance is calculated using June 17th, 2026 as the reference date. Company snapshotOffers a video sharing platform, livestreaming and monetization tools, an in-house advertising marketplace, and a crypto wallet; generates revenue from advertising, subscriptions, pay-per-view, and tipping services.Operates a multi-sided platform business model, monetizing both content creators and advertisers through digital media distribution and cloud infrastructure services.Serves content creators, media organizations, and audiences seeking alternative video platforms in the United States, Canada, and international markets.Rumble Inc. is a digital media and cloud services company specializing in video sharing, livestreaming, and advertising solutions. The company leverages a proprietary platform to enable content creators to reach audiences and monetize their work through multiple channels. Its integrated cloud and advertising offerings position it as a competitive alternative in the online video and digital infrastructure space. What this transaction means for investorsThether continues to show faith in streaming platform Rumble by converting more of its warrants into shares. Tether’s buying habits over the past year have acted as a backstop for Rumble shares, with the El Salvador-based crypto business buying at what have turned out to be near-term lows. This time, however, Tether hasn’t had time to see a bearish move play out, with shares continuing to slip after this reported purchase. That timing likely matters little to Tether, which has amassed a diverse portfolio of crypto, gold, and equity in multiple companies, worth at least $10 billion. While it isn’t perfectly clear how a streaming business fits in with a primarily crypto-focused outlet, the two businesses have affinities among management that suggest Tether is a long-term investor in Rumble. Rumble management, for its part, sees Tether’s other portfolio companies as natural customers of its products. For those considering an investment in Rumble, take the latest share buy as a sign that Tether will continue to support the business and its shares for the foreseeable future. Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. |
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2026-06-25 16:23
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2026-06-25 10:00
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. ("Rumble" or the "Company") (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble's stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP |
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2026-06-24 16:02
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2026-06-22 14:04
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Rumble Stock Is Facing Bearish Pressure Despite Major AI Pivot: What's Going On? | FMP Stock News | |
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Rumble stock is feeling bearish pressure. Why are RUM shares down? What Is Rumble’s Key Catalyst After Northern Data Acquisition?The company closed its acquisition of Northern Data, taking ownership of about 85.2% of the outstanding shares and rebranding the public entity as RUM Group Inc. The deal adds roughly 22,000 NVIDIA H100 and H200 GPUs across nine data centers and about 250 MW of current and planned power capacity expected to come online by 2027.Rumble has pointed to "over 200 MW of unmonetized energy capacity" as a key lever, with most of the ~250 MW expected online by 2027 and more than 200 MW currently unmonetized. The company framed the combined Rumble and Quake AI units as a "flywheel" tying content distribution to AI infrastructure. The rebrand also consolidates the legal identity around two units, Rumble for the consumer platform and Quake AI (formerly Northern Data) for cloud and AI infrastructure, after a $767 million deal. RUM Stock: Critical Moving Averages To WatchFrom a longer-term trend view, the stock is still holding above its 100-day SMA ($6.46) and 200-day SMA ($6.66), but it’s trading below the 50-day SMA ($7.45) and well below the 20-day SMA ($8.10), which keeps the near-term trend pointed down. The golden cross in June (50-day moving above the 200-day) is a constructive backdrop, but price needs to reclaim the 50-day to make that signal "feel" active again. Momentum indicators aren’t available here, so the cleaner read is the moving-average structure and the recent turning points: a swing high formed in June and a swing low formed in March, putting the stock in a wide consolidation band. With the 12-month performance down 14.59%, bulls generally want to see higher lows above the $6.50 area and a push back toward the mid-$8s to reassert control. Key Resistance: $8.50 — a nearby round-number zone that also sits above the 20-day and 50-day SMAs, where rebounds can stall Key Support: $6.50 — a nearby floor close to the 100-day SMA ($6.46) and not far from the 200-day SMA ($6.66), where buyers may defend trend support What Is Rumble and Its Business Model?Rumble is a free-to-use video-sharing and livestreaming platform where users can watch, share, like, comment, and upload their own videos. Users can follow channels to stay in touch with creators and access video on-demand (VOD) and live content streamed by creators. The Northern Data deal and the RUM Group/Quake AI rebrand matter because they push the story beyond a pure media platform into compute and AI infrastructure, including GPU capacity and data centers. Since the company generates most of its revenue from the United States, investors will be watching whether this expanded infrastructure footprint translates into steadier monetization and a clearer path to scale. RUM Stock Price Action: Current Trading StatusRUM Stock Price Activity: Rumble shares were down 3.40% at $7.12 at the time of publication on Monday, according to Benzinga Pro data. Image: Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-06-24 16:02
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2026-06-22 15:05
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RUM Announces Voting Results From Annual General Meeting of Shareholders | FMP Stock News | |
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EDMONTON, AB / ACCESS Newswire / June 22, 2026 / Rocky Mountain Liquor Inc. (TSX-V:RUM) (the "Company" or "Rocky Mountain"), listed on the TSX Venture Exchange (the "Exchange"), today reported the shareholder voting results of its 2026 Annual General Meeting held June 22, 2026 in Edmonton, Alberta.The below individuals were nominated and received the requisite majority of votes and will be directors of the Company for the ensuing year: Peter J. Byrne Max W. Schapiro Chris Queitsch Allison Radford Courtney Burton Gene Coleman Shareholders voted and approved to appoint PricewaterhouseCoopers LLP, Chartered Accountants as Auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration. Shareholders voted to ratify and approve the Company's Stock Option Plan. About Rocky Mountain Rocky Mountain is a public company whose shares are traded on the TSX Venture Exchange (TSX-V:RUM). Rocky Mountain is the parent to a wholly owned subsidiary, Andersons Liquor Inc. headquartered in Edmonton, Alberta, which owns and operates 22 private liquor stores in that province. Forward-Looking Statements This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as investment decisions. In particular, results achieved in 2025 and previous periods might not be a certain indication of future performance, which is subject to other risks, including but not limited to changes in operational policies, changes in management, changes in strategic focus, market conditions and customer preferences and third party suppliers. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks, the risks that these events may not materialize as well as those additional factors discussed in the section entitled "Risk Factors" in RUM's Management Discussion and Analysis, which can be obtained at www.sedarplus.com. If they do materialize, there remains a risk of non-execution for any reason. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. The forward-looking statements and information contained in this news release are made as of the date hereof, and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX-V. This cautionary statement expressly qualifies the forward-looking statements or information contained in this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. For further information: Allison Radford President & CFO (780) 483-8183 Peter Byrne Executive Chairman & CEO (780) 686-7383 SOURCE: Rocky Mountain Liquor Inc. |
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2026-06-24 16:02
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2026-06-23 17:35
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. (“Rumble” or the “Company”) (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble’s stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 |
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2026-06-22 11:52
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2026-06-17 16:12
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Rumble Closes Acquisition of Northern Data | FMP Stock News | |
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June 17, 2026 16:12 ET | Source: Rumble, Inc.Acquires Over 200 MW of Unmonetized Energy Capacity Immediate Access to one of Europe's largest Independent GPU Estates, With Roughly 22,000 High-end NVIDIA GPUs Northern Data Increases Full Year Revenue Outlook by Approximately 30%, Expects to Deliver Revenue in the Range of 170 to 190 million Euros LONGBOAT KEY, Fla., June 17, 2026 (GLOBE NEWSWIRE) -- Rumble (NASDAQ: RUM), today announced the closing of the acquisition of Northern Data AG ("Northern Data"), a leading provider of AI and high-performance computing (HPC) infrastructure. Rumble now owns approximately 85.2% of Northern Data’s outstanding shares. "Closing this transaction marks a defining step in our evolution," said Chris Pavlovski, Founder and Chief Executive Officer. “We now have over 200 MW of unmonetized energy capacity and substantial contracted revenue across Rumble. Investors can see that we are very quickly entering an entirely new level of fundamentals for our business, both in terms of the quality of the infrastructure we control and the anchor partnerships that validate it." With the acquisition of Northern Data, Rumble takes a giant step forward, instantly becoming a meaningful, growing player in the AI compute-as-a-service, power, and data center markets, while unlocking AI opportunities across Rumble's video platform to support advertisers, users, and creators. The acquisition of Northern Data delivers an immediate and quantifiable uplift to Rumble’s financial profile. Northern Data has recently raised its full-year 2026 revenue outlook to 170 to 190 million euros, an increase from the prior expectation of 130 to 150 million euros, with utilization of its roughly 22,000 NVIDIA H100 and H200 GPUs reaching approximately 85% in March 2026. The demand is validated by Rumble’s recently announced multi-year agreement with Together AI. Scaled Infrastructure with Untapped Potential With Northern Data, Rumble now has roughly 250 MW of current energized and planned power, almost all of which is expected to come online by 2027 across ten data centers, four of which are owned. More than 200 MW of this capacity is currently unmonetized, providing substantial headroom to deploy additional high-end GPUs and layer on incremental services over time. In addition, Rumble gains access to one of Europe's largest independent GPU estates, with roughly 22,000 high-end NVIDIA GPUs and a growing high-density, liquid-cooled data center footprint across Europe. Rumble Cloud contributes a scaled CPU-based compute, storage, and network backbone originally designed to power Rumble's world-class low-latency video delivery. Together, these assets represent the mix of GPU, CPU, power, and edge connectivity required to build the backbone for a new class of agentic enterprises, startups and creators whose businesses are run by AI agents and infrastructure working on their behalf at cloud scale. Advisors Guggenheim Securities, LLC acted as lead financial advisor, Willkie Farr & Gallagher LLP is serving as legal counsel to Rumble. Latham & Watkins LLP and Gleiss Lutz served as legal counsel, Jefferies Financial Group Inc. acted as lead financial advisor, and Berenberg as financial advisor to Northern Data. About RUM Group Inc. As separately announced today, Rumble introduced a new business unit and legal name for the company following the closing of its acquisition of Northern Data AG, effective June 18, 2026. RUM Group Inc. (NASDAQ: RUM) is the holding company for Rumble and Quake AI. RUM Group Inc.'s mission is to maximize the power of human imagination through an independent technology ecosystem built on privacy, resilience, and an open alternative to Big Tech. Rumble is the leading independent video platform. Quake AI combines the assets of Northern Data and Rumble Cloud into a full-stack GPU and cloud computing platform, delivering the infrastructure for the next generation of Agentic AI enterprises. Cautionary Statements Regarding Forward-Looking Statements Certain statements in this press release constitute “forward-looking statements"” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by using words such as “anticipates,” “believes,” “intends,” “estimates,” “targets,” “expects,” “endeavors,” “forecasts,” “could,” “will,” “may,” “future,” “likely,” “on track to deliver,” “continues to,” “looks forward to,” “is primed to,” “plans,” “projects,” “assumes,” “should” or other similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, and our actual results could differ materially from future results expressed or implied in these forward-looking statements. The forward-looking statements included in this press release are based on our current beliefs and expectations of our management as of the date hereof. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include risks related to the Northern Data business combination, including the success of the business following the Transactions; the ability to successfully integrate Rumble’s and Northern Data’s businesses; risks related to disruption of management time from ongoing business operations due to the transaction; the risk that the transaction can negatively impact the ability of Rumble and Northern Data to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers and customers, and on their operating results and businesses generally; the risk that the combined business may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; the risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products; the risk posed by potential breaches of information systems and cyber-attacks; the risks that Rumble, Northern Data or the post combination company may not be able to effectively compete, including through product improvements and development; the risk that Rumble, Northern Data or the post-combination company may not be able to meet surging AI compute demand by establishing business relationships with hyperscalers; the risk that the cloud, video, and content delivery network capabilities of Rumble, Northern Data or the post-combination company may not be sufficient to attract and continue to attract interest from system integrators and content creators and to create powerful funnel partnership opportunities for the combined platform; the risk that Rumble, Northern Data or the post combination company may not be able to accelerate delivery of next-generation cloud solutions and AI applications; our ability to grow and manage future growth profitably over time, maintain relationships with customers, compete within our industry and retain key employees; weakened global economic conditions may affect our business and operating results; our limited operating history makes it difficult to evaluate our business and prospects; we may not grow or maintain our active user base, and may not be able to achieve or maintain profitability; we may fail to maintain adequate operational and financial resources; we may be unsuccessful in attracting new users to our mobile and connected TV offerings; our traffic growth, engagement, and monetization depend upon effective operation within and compatibility with operating systems, networks, devices, web browsers and standards, including mobile operating systems, networks, and standards that we do not control; our business depends on continued and unimpeded access to our content and services on the internet and if we or those who engage with our content experience disruptions in internet service, or if internet service providers are able to block, degrade or charge for access to our content and services, we could incur additional expenses and the loss of traffic and advertisers; we face significant market competition, and if we are unable to compete effectively with our competitors for traffic and advertising spend, our business and operating results could be harmed; we rely on data from third parties to calculate certain of our performance metrics and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business; changes to our existing content and services could fail to attract traffic and advertisers or fail to generate revenue; we derive the majority of our revenue from advertising and the failure to attract new advertisers, the loss of existing advertisers, or the reduction of or failure by existing advertisers to maintain or increase their advertising budgets may adversely affect our business and operating results; we depend on third-party vendors, including internet service providers, advertising networks, and data centers, to provide core services; new technologies have been developed that are able to block certain online advertisements or impair our ability to deliver advertising, which could harm our operating results; we have offered and intend to continue to offer incentives, including economic incentives, to content creators to join our platform, and these arrangements may involve fixed payment obligations that are not contingent on actual revenue or performance metrics generated by the applicable content creator but rather are based on our modeled financial projections for that creator, which if not satisfied may adversely impact our financial performance, results of operations and liquidity; changes in tax rates, changes in tax treatment of companies engaged in e-commerce, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities may adversely impact our financial results; compliance obligations imposed by new privacy laws, laws regulating online video sharing platforms, other online platforms and online speech in certain jurisdictions in which we operate, or industry practices may adversely affect our business, financial performance, and operating results; we may become subject to newly enacted laws and regulations that restrict or moderate content on the internet; we are exposed to significant regulatory, operational, compliance, privacy, and legal risks related to age restriction or verification requirements and children’s online safety laws contemplated or enacted in various U.S. states and foreign jurisdictions; paid endorsements by our content creators ma expose us to regulatory risk, liability, and compliance costs, and, as a result, may adversely affect our business, financial condition and results of operations; we have incurred and will incur significantly increased expenses and administrative burdens as a public company, which could have an adverse effect on our business, financial condition, and results of operations; and those additional risks, uncertainties and factors described in more detail in Northern Data’s annual and interim financial reports made publicly available and under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and in our other filings with the U.S. Securities and Exchange Commission. We do not intend, and, except as required by law, we undertake no obligation to update any of our forward-looking statements after the issuance of this press release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. For investor inquiries, please contact: Shannon Devine MZ Group, MZ North America 203-741-8811 [email protected] |
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2026-06-22 11:52
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2026-06-17 16:16
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Rumble Announces Realignment into Two Core Business Units and Renames Newly Acquired Cloud And AI-Infrastructure Business “Quake AI” | FMP Stock News | |
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Post-merger, Rumble Cloud Renamed Quake AI, Integrating Northern Data OfferingsRumble to Remain the Video and Media Platform’s Core Brand Name Corporate Parent to be Renamed RUM Group Inc. and Will Oversee Two Business Units: Rumble and Quake AI LONGBOAT KEY, Fla., June 17, 2026 (GLOBE NEWSWIRE) -- Rumble (NASDAQ: RUM) today introduced a new business unit and legal name for the company following the closing of its acquisition of Northern Data AG (“Northern Data”). Effective June 18, 2026, under the new RUM Group Inc. (“RUM”) identity, the publicly traded company now operates two core business units: Rumble, its video platform, and Quake AI, formerly Northern Data, its cloud and AI-infrastructure business. Together, they rest on a single conviction: the future will be powered by human imagination, and RUM will benefit from a powerful flywheel powered by both pillars. "We are living through a once-in-a-generation shift. As artificial intelligence makes knowledge abundant, the scarcest and most valuable resource on Earth becomes the one thing machines can’t manufacture: human imagination. RUM exists to build the future where that ingenuity wins, and to make sure it belongs to the dreamers and the doers. Quake AI gives that imagination a foundation. Rumble gives it a voice," said Chris Pavlovski, Chairman and CEO of RUM. RUM - The Vision RUM’s mission is to maximize the power of human imagination. The business is built on two core beliefs: As AI democratizes knowledge, the world needs a free and open internet to express and explore our scarcest and most valuable assets: human imagination, creativity, and agency.The future enterprise will be led by humans empowered to explore to the edges of their imagination, powered by decentralized agentic AI and transacted on the rails of blockchain technology. In summary, RUM is built on the belief that future value accrues to two elements that machines cannot replicate at scale: physical infrastructure and human creativity. The company owns both pillars and each makes the other stronger, creating a valuable and unique flywheel. Quake AI: The Physical Foundation Quake AI is the physical foundation — where ideas are built, explored, and scaled to the edges of agentic compute. It is the ground floor of the next enterprise: the infrastructure that turns a single idea into the force of millions, leveraging the compute, cloud, data centers, and a blockchain trust layer necessary for AI agents to coordinate and transact at scale. Quake AI combines a unique set of assets, now under one roof: CPU: Rumble Cloud's low-latency, CPU-based compute, network and storage originally designed to deliver world-class global video distribution at scale.GPU: Northern Data’s GPU estate of approximately 22,000 NVIDIA H100/H200 GPUs across nine data centers.Power: Northern Data’s data-center footprint, including up to ~250 MW of energized and contracted capacity.Blockchain: A strategic partnership with Tether, providing the trust layer for AI agents to coordinate and transact. Quake AI is built to be the rails of the agentic enterprise - the foundation layer upon which everything else stands. Build on Quake AI today. Rumble: The Foundation of Creativity Where Quake AI is the physical foundation, Rumble is the foundation of creativity, where ideas are expressed and freedom is granted to push to the edges of what’s possible. As the internet fills with synthetic sameness, Rumble is the vibrant, unfiltered home of the human voice, where real people create, debate, and push ideas forward. The smarter machines get, the more genuine expression matters — and Rumble is the stage for it: the audience, the tools, the distribution, and the freedom to say what’s worth saying. Rumble keeps the conversation human, and it keeps it moving. Rumble offers multiple formats for humanity to express and explore: Rumble Video: The true home of free speech, built on authenticity.Rumble Ads: The promotional engine that puts great ideas front and center.Rumble Studio: The creativity hub, where livestreaming and content production brings ideas to the masses. Join Rumble today. The Road Ahead Further details on product offerings, roadmap, and the extended brand rollout will be shared in the coming months. About RUM Group Inc. RUM Group Inc. (NASDAQ: RUM) mission is to maximize the power of human imagination. Rumble gives human creativity a voice, a video and media platform built for creators and audiences who value free expression. Quake AI is a cloud and AI-infrastructure business, delivering the compute, data-center capacity, and blockchain infrastructure for the agentic era. Together, they power the company’s mission to maximize the power of human imagination. For more information visit www.rum.group. Cautionary Statements Regarding Forward-Looking Statements Certain statements in this press release constitute “forward-looking statements"” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by using words such as “anticipates,” “believes,” “intends,” “estimates,” “targets,” “expects,” “endeavors,” “forecasts,” “could,” “will,” “may,” “future,” “likely,” “on track to deliver,” “continues to,” “looks forward to,” “is primed to,” “plans,” “projects,” “assumes,” “should” or other similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, and our actual results could differ materially from future results expressed or implied in these forward-looking statements. The forward-looking statements included in this press release are based on our current beliefs and expectations of our management as of the date hereof. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include risks related to the Northern Data business combination, including the success of the business following the Transactions; the ability to successfully integrate Rumble’s and Northern Data’s businesses; risks related to disruption of management time from ongoing business operations due to the transaction; the risk that the transaction can negatively impact the ability of Rumble and Northern Data to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers and customers, and on their operating results and businesses generally; the risk that the combined business may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; the risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products; the risk posed by potential breaches of information systems and cyber-attacks; the risks that Rumble, Northern Data or the post combination company may not be able to effectively compete, including through product improvements and development; the risk that Rumble, Northern Data or the post-combination company may not be able to meet surging AI compute demand by establishing business relationships with hyperscalers; the risk that the cloud, video, and content delivery network capabilities of Rumble, Northern Data or the post-combination company may not be sufficient to attract and continue to attract interest from system integrators and content creators and to create powerful funnel partnership opportunities for the combined platform; the risk that Rumble, Northern Data or the post combination company may not be able to accelerate delivery of next-generation cloud solutions and AI applications; our ability to grow and manage future growth profitably over time, maintain relationships with customers, compete within our industry and retain key employees; weakened global economic conditions may affect our business and operating results; our limited operating history makes it difficult to evaluate our business and prospects; we may not grow or maintain our active user base, and may not be able to achieve or maintain profitability; we may fail to maintain adequate operational and financial resources; we may be unsuccessful in attracting new users to our mobile and connected TV offerings; our traffic growth, engagement, and monetization depend upon effective operation within and compatibility with operating systems, networks, devices, web browsers and standards, including mobile operating systems, networks, and standards that we do not control; our business depends on continued and unimpeded access to our content and services on the internet and if we or those who engage with our content experience disruptions in internet service, or if internet service providers are able to block, degrade or charge for access to our content and services, we could incur additional expenses and the loss of traffic and advertisers; we face significant market competition, and if we are unable to compete effectively with our competitors for traffic and advertising spend, our business and operating results could be harmed; we rely on data from third parties to calculate certain of our performance metrics and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business; changes to our existing content and services could fail to attract traffic and advertisers or fail to generate revenue; we derive the majority of our revenue from advertising and the failure to attract new advertisers, the loss of existing advertisers, or the reduction of or failure by existing advertisers to maintain or increase their advertising budgets may adversely affect our business and operating results; we depend on third-party vendors, including internet service providers, advertising networks, and data centers, to provide core services; new technologies have been developed that are able to block certain online advertisements or impair our ability to deliver advertising, which could harm our operating results; we have offered and intend to continue to offer incentives, including economic incentives, to content creators to join our platform, and these arrangements may involve fixed payment obligations that are not contingent on actual revenue or performance metrics generated by the applicable content creator but rather are based on our modeled financial projections for that creator, which if not satisfied may adversely impact our financial performance, results of operations and liquidity; changes in tax rates, changes in tax treatment of companies engaged in e-commerce, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities may adversely impact our financial results; compliance obligations imposed by new privacy laws, laws regulating online video sharing platforms, other online platforms and online speech in certain jurisdictions in which we operate, or industry practices may adversely affect our business, financial performance, and operating results; we may become subject to newly enacted laws and regulations that restrict or moderate content on the internet; we are exposed to significant regulatory, operational, compliance, privacy, and legal risks related to age restriction or verification requirements and children’s online safety laws contemplated or enacted in various U.S. states and foreign jurisdictions; paid endorsements by our content creators ma expose us to regulatory risk, liability, and compliance costs, and, as a result, may adversely affect our business, financial condition and results of operations; we have incurred and will incur significantly increased expenses and administrative burdens as a public company, which could have an adverse effect on our business, financial condition, and results of operations; and those additional risks, uncertainties and factors described in more detail in Northern Data’s annual and interim financial reports made publicly available and under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and in our other filings with the U.S. Securities and Exchange Commission. We do not intend, and, except as required by law, we undertake no obligation to update any of our forward-looking statements after the issuance of this press release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. For investor inquiries, please contact: Shannon Devine MZ Group, MZ North America 203-741-8811 [email protected] Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce4f04ab-2a57-495f-9238-6336e9457aec https://www.globenewswire.com/NewsRoom/AttachmentNg/28bc0152-30a9-4983-8b9a-fef247ade19a https://www.globenewswire.com/NewsRoom/AttachmentNg/5e5742c2-f49b-4f83-af2d-e8fa93d88022 |
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2026-06-22 11:52
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2026-06-17 17:39
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Rumble rebrands to RUM Group after Northern Data buyout | FMP Stock News | |
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Rumble , which hosts U.S. President Donald Trump's Truth Social platform said it would begin operating under the name 'RUM Group' and oversee a new AI-focused business unit in addition to its namesake video platform. |
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2026-06-22 11:52
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2026-06-17 19:29
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Rumble gets 22,000 Nvidia chips, but the video company's CEO insists this isn't a fad-like pivot | FMP Stock News | |
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HomeIndustriesInternet/Online ServicesTech StocksTech StocksIs Rumble’s AI expansion just Allbirds 2.0 — or a move modeled after Elon Musk?Last Updated: June 17, 2026 at 8:13 p.m. ETFirst Published: June 17, 2026 at 7:29 p.m. ET In another sign of artificial-intelligence euphoria, Rumble, which is best known for being an alternative to YouTube, is exciting investors through its move to become more of an AI player. The company announced Wednesday that it completed the purchase of cloud and AI infrastructure provider Northern Data. It’s changing its name to RUM Group and will operate through two units, one focused on AI infrastructure and the other on video. |
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2026-06-22 11:52
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2026-06-18 07:21
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Rumble Stock Jumps After Video Platform Takes Big Step in Its AI Pivot | FMP Stock News | |
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The video-sharing platform says it will change its name and tweak its business structure after buying German AI company Northern Data. |
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2026-06-22 11:52
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2026-06-18 08:17
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Rumble Closes Northern Data Deal, Rebrands as RUM Group, Shares Trade Higher | FMP Stock News | |
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Rumble stock is showing exceptional strength. What’s behind RUM gains? Rumble now owns approximately 85.2% of Northern Data’s outstanding shares, gaining immediate access to one of Europe’s largest independent GPU estates, roughly 22,000 high-end NVIDIA H100 and H200 GPUs across nine data centers.The acquisition also adds approximately 250 MW of current energized and planned power capacity, almost all of which is expected to come online by 2027 across ten data centers, four of which are owned. More than 200 MW of that capacity is currently unmonetized, providing substantial headroom to deploy additional GPUs and layer on incremental services over time. “Closing this transaction marks a defining step in our evolution,” said Chris Pavlovski, Founder and CEO. “We now have over 200 MW of unmonetized energy capacity and substantial contracted revenue across Rumble. Investors can see that we are very quickly entering an entirely new level of fundamentals for our business.” The RebrandEffective today, the publicly traded company operates under the new RUM Group Inc. identity with two core business units: Rumble, its video platform, and Quake AI — formerly Northern Data — its cloud and AI infrastructure business. Quake AI combines Rumble Cloud’s CPU-based compute, storage, and network infrastructure with Northern Data’s GPU estate, power footprint, and data center capacity. The company describes the two units as a flywheel — Quake AI providing the physical foundation for agentic AI, and Rumble providing the creative platform built on free expression. “We are living through a once-in-a-generation shift. As artificial intelligence makes knowledge abundant, the scarcest and most valuable resource on Earth becomes the one thing machines can’t manufacture: human imagination. Quake AI gives that imagination a foundation. Rumble gives it a voice,” said Pavlovski. Rumble Shares SurgeRUM Price Action: At the time of publication, Rumble shares are trading 16.19% higher at $8.47, according to data from Benzinga Pro. Image via Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-06-22 11:52
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2026-06-18 10:00
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. ("Rumble" or the "Company") (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble's stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP |
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2026-06-22 11:52
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2026-06-18 15:10
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Rumble Bets on AI Compute Demand With New AI Platform | FMP Stock News | |
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Video platform Rumble is jumping on the AI bandwagon with its newest AI platform. Launching as Quake AI, the new sector combines cloud, compute, and AI infrastructure, and is slated to dominate the company's business segment. |
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2026-06-22 11:52
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2026-06-18 16:38
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Rumble: The Market Is Still Missing The Quake AI Story | FMP Stock News | |
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Rumble transforms post-Northern Data acquisition, launching Quake AI with 22,000 NVIDIA GPUs and robust enterprise contracts. Quake AI's $270 million Together AI deal and Tether's $250 million partnership provide strong revenue visibility, supporting a "Buy" rating and $9.41 price target. Video platform MAUs grew 8% sequentially; Shorts monetization and Rumble Wallet offer future optionality beyond AI infrastructure. |
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2026-06-17 07:25
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2026-06-16 17:35
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. (“Rumble” or the “Company”) (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble’s stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 |
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2026-06-12 18:57
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2026-05-21 18:40
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. ("Rumble" or the "Company") (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble's stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP |
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2026-06-12 18:57
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2026-05-24 10:26
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RUM Investors Have Opportunity to Join Rumble Inc. Fraud Investigation with the Schall Law Firm | FMP Stock News | |
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LOS ANGELES, May 24, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rumble Inc. (“Rumble” or “the Company”) (NASDAQ: RUM) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rumble reported its Q1 2026 financial results on May 14, 2026. The Company revealed that increased marketing costs and higher spending on R&D caused a much larger net loss than in the prior-year period. Based on this news, shares of Rumble fell by almost 11.9% on the next day. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law Firm Brian Schall, Esq. 310-301-3335 [email protected] www.schallfirm.com |
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2026-06-12 18:57
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2026-05-26 10:07
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ENHANCED (NYSE: ENHA) SURPASSES $32 MILLION IN SPONSORSHIP DEAL VALUE FOR INAUGURAL ENHANCED GAMES | FMP Stock News | |
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Seven Months Remain in 2026 to Pursue Additional Commercial PartnershipsNamed Partners Include ZOOP, Rumble (NASDAQ: RUM), Rezolve AI (NASDAQ: RZLV), Roku (NASDAQ: ROKU), Caliwater, Betr, Frame Fitness, Public, and others , /PRNewswire/ -- Enhanced (NYSE: ENHA), the elite sports competition and performance products company, today announced that the inaugural Enhanced Games held Sunday May 24th from Las Vegas secured more than $32 million in aggregate sponsorship deal value across its commercial partner ecosystem. Sponsorship deal value was secured ahead of the inaugural Games. The company has more than seven months remaining in the year to pursue additional sponsorships, renew and expand existing relationships, and build toward the second Enhanced Games. The Company's full year 2026 sports revenue guidance is $31 million. "We reset what this category is capable of," said Maximilian Martin, CEO Enhanced. "The market has spoken and what our sponsors recognized is that the Enhanced Games is not a niche experiment. Rather a new accessible category of live sport with genuine reach, an engaged audience, and a brand identity unlike anything else in the market. The $32 million we secured with our first event is not a ceiling. It is a starting point." Reach, Cultural Relevance, and the Power of First-Mover Association Enhanced attributes the commercial performance to four interconnected drivers - each reflecting not just the quality of the assets on offer, but the deeper strategic calculus that brought marquee brands to the table. This includes a genuinely compelling and differentiated idea. The Enhanced Games is the only sports property built around scientific transparency, medically supervised performance enhancement, and elite athletic competition. With no comparable property anywhere in the market, brands did not simply buy an advertising placement. They bought category ownership in a first-of-its-kind global sports franchise at the moment when the category is being defined. The inaugural Games provided reach at scale for its partners. Streamed free on the Roku Sports Channel to over 100 million homes across the United States, Canada, and Mexico - a distribution footprint that rivals established sports franchises. Combined with global digital distribution through ZOOP, Rumble, YouTube, X, and many other platforms, commercial partners gained access to a uniquely broad, young, and highly engaged audience that is difficult to reach through conventional sports inventory. The property's organic pull was equally striking with more than 181 independent creators and some of the most prominent streamers in the world choosing to cover the Enhanced Games, generating very impressive viewership across the weekend that the company will report in greater detail later this week. The Enhanced Games sit at the intersection of the most powerful cultural forces of this moment: individual performance, scientific optimism, personal freedom, and the rejection of outdated institutional constraints. Sponsors understood that joining this property is not simply a media buy - it is a cultural statement. In an era where brands compete fiercely for authentic association with movements that resonate with their audiences, the Enhanced Games offers something genuinely rare: a property that generates the kind of earned attention and cultural conversation that no conventional media spend can manufacture. Partners also recognized the long-term brand equity that comes from being among the founding commercial sponsors of a category-defining sports franchise - an association that appreciates in value as the property grows, and that cannot be replicated by later entrants. Every partner that joined the Enhanced Games did so with the understanding that year one is the foundation on which the company can now build upon. The commercial momentum generated by the inaugural event, the scientific data produced through the company's IRB-approved clinical trial, and the athlete participation pipeline already being built for future events all reinforce a long-term value proposition that sponsors found compelling. They are not buying a one-time placement. They are buying into a franchise at the ground floor. A Commercial Ecosystem Built Across Media, Technology, and Consumer Brands The Company's inaugural sponsorship portfolio reflects strategic diversification across multiple industries, with each partner bringing distinct value to the Enhanced platform: ZOOP - Named Founding Partner and Official Creator Platform of the inaugural Enhanced Games in a $10 million partnership agreement. ZOOP delivered immersive coverage from the purpose-built competition arena at Resorts World Las Vegas and co-created athlete content throughout the Games' training camp in the United Arab Emirates, distributing across its global platform and athlete social channels. Rumble (NASDAQ: RUM) – Named Premier Partner and Official Distribution Channel of the Enhanced Games. Financial terms are subject to required regulatory filings and have not been separately disclosed. Rumble streamed the Games live and holds content distribution rights for future Enhanced-produced events. The partnership also encompasses marketing of the company's Live Enhanced consumer platform through Rumble's advertising marketplace. Rezolve AI (NASDAQ: RZLV) – Named in a multi-million-dollar strategic partnership to architect the AI-native backbone of Live Enhanced, the Company's direct-to-consumer digital telehealth platform. Rezolve AI is building deep personalization into the Live Enhanced platform, and served as an event sponsor. Roku (NASDAQ: ROKU) – Named the Official North American Streaming Home of the Enhanced Games, delivering the event free to over 100 million households on the Roku Sports Channel across the U.S., Canada, and Mexico. Caliwater – Named Official Hydration Partner and Official Cactus Water of the Enhanced Games, providing products at the inaugural Enhanced Games and related events, with branding featured throughout the competition complex. Frame Fitness – Named Official Sponsor and naming rights partner of the on-site Athlete Recovery Zone at the inaugural Enhanced Games. Frame Fitness, produces premium at-home Pilates reformers with on-demand fitness content. Public – Named official brokerage and investment partner of the Enhanced Games, with a partnership encompassing co-branded content, broadcast integrations, and in-app editorial placements through The Rundown, Public's editorial platform. Additional Partners – The Company has entered into commercial agreements with additional partners across health, wellness, and lifestyle categories, including Betr, Strive Pharmacy, Brothers Bond, and others. Additional partner announcements are forthcoming as contractual and regulatory timelines permit. Post-2026 Games Commercial Opportunities Ahead With the inaugural Enhanced Games concluded, Enhanced enters the second half of 2026 from a position of demonstrated commercial strength. More than seven months remain in the year to pursue additional sponsorship agreements, renew and expand existing relationships, and build the commercial foundation for future Enhanced Games events. The company is currently in active discussions with prospective partners across a range of categories including health technology, performance nutrition, apparel, and financial services. "Our first event delivered proof points across every dimension a sponsor cares about: reach, engagement, cultural resonance, authenticity and a story no other property can tell," said Martin. "We are now in conversations with brands who watched the inaugural Games and want to be part of what comes next. The pipeline is strong, and we believe the second Enhanced Games will attract a deeper and broader commercial base than the first. Every metric we generated in year one is a sales tool for year two." The Company intends to provide further detail on its commercial strategy and partnership pipeline in connection with future investor communications. Certain commercial agreements remain subject to required regulatory filings and the Company will make such filings as required by applicable law. About Enhanced Group, Inc. Enhanced (NYSE: ENHA) is an elite sports competition and performance products company committed to giving athletes and people alike access to products that optimize their health, performance and recovery. The Live Enhanced platform provides consumers access to products, and protocols that optimize health, longevity and vitality. As a premium brand, Enhanced aims to revolutionize and lead the Performance Medicine category. For more information about mission of Enhanced please visit www.enhanced.com About The Enhanced Games The Enhanced Games will champion scientific innovation and integrity in elite sporting competition. Enhanced believes in an objective, evidence-based approach to competition, one that celebrates athletic excellence and unlocks athletes' full potential. The Enhanced Games is not only creating a sporting event that is thrilling for spectators but also a beacon for scientific transparency and athlete welfare. By putting athletes first, it gives them the opportunity to reach their full potential and be compensated accordingly, all while ensuring their safety through rigorous medical supervision and scientific oversight. The inaugural Enhanced Games were held on May 24, 2026 in a purpose-built competition complex at Resorts World Las Vegas. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "anticipate," "believe," "expect," "estimate," "intend," "plan," "strategy," "future," "opportunity," "will," "may," "could," "should," and similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding: the aggregate sponsorship deal value secured for the inaugural Enhanced Games and the components thereof; the expected timing and amount of revenue recognition under U.S. GAAP; the Company's previously disclosed full-year 2026 sports segment revenue guidance; the Company's commercial strategy; ongoing and prospective partnership discussions and the expected scale and composition of the sponsorship roster for future Enhanced Games events; final viewership and audience metrics for the inaugural Enhanced Games; and the Company's plans for future Enhanced Games events. Sponsorship deal value is not a measure of revenue under U.S. GAAP and should not be interpreted as such. Revenue recognized in any period may differ materially from the aggregate stated value of executed commercial agreements due to performance obligations, payment terms, non-cash consideration (including common stock and cashless media trade consideration), contingencies, and other factors. Sponsorship deal value does not reflect estimates of future revenue, free cash flow, or other financial performance, and should not be used as the basis for any such estimate. These forward-looking statements are based on management's current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performance, or achievements to differ materially from those expressed or implied. Factors that could cause actual results to differ materially include, but are not limited to, those risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section of the Company's Registration Statement on Form S-4 (as amended) and any subsequent filings, copies of which are available on the SEC's website at www.sec.gov and on the Company's investor relations website. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law. Investor Contact Asia Gilbert Head of Investor Relations [email protected] Media Contacts Chris Jones, Chief Communications Officer [email protected] SOURCE Enhanced |
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2026-06-12 18:57
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2026-05-26 16:46
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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Original source text
NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. (“Rumble” or the “Company”) (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble’s stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 |
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2026-06-12 18:57
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2026-05-27 09:25
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Rumble Exchange Offer for Northern Data will Expire on June 1, 2026 – Best and Final Offer for Shareholders to Tender Shares | FMP Stock News | |
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May 27, 2026 09:25 ET | Source: Rumble, Inc.Closing on Track for mid-June 2026 and Delisting of Northern Data Shares to Follow Promptly Thereafter LONGBOAT KEY, Fla., May 27, 2026 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM) (“Rumble” or the “Company”), the Freedom-First technology platform, today noted that the additional acceptance period of its exchange offer to acquire all outstanding shares of Northern Data AG ("Northern Data") will expire on June 1, 2026 at 06:01 hrs (local time in Frankfurt am Main, Germany) / 00:01 hrs (local time in New York) and will not be extended. Northern Data shareholders who wish to participate in the exchange offer must tender their shares before the expiry of the additional acceptance period. The exchange offer can no longer be accepted thereafter. This is Rumble’s best and final offer and last chance for Northern Data shareholders to tender their shares. Northern Data's Management Board and Supervisory Board unanimously recommend that shareholders accept the offer. The terms of the exchange offer remain unchanged: each Northern Data shareholder that validly tenders into the exchange offer receives, subject to satisfaction or waiver of the remaining offer conditions, 2.0281 newly issued shares of Rumble Class A common stock in exchange for each Northern Data share at closing (with customary settlement mechanisms for fractional shares). All regulatory approvals have been received, and the offer is not conditioned upon a minimum tender threshold. Additional information can be found at www.rumble-offer.com About Rumble Rumble is a high-growth neutral video platform and cloud services provider. Rumble's platform products include Rumble Video, a free and subscription-based video sharing and livestreaming platform; Rumble Studio, a multi-platform livestreaming and monetization service for creators; Rumble Advertising Center (RAC), an in-house advertising marketplace; Rumble Wallet, a non-custodial crypto wallet integrated into the platform; and Rumble Cloud, an infrastructure-as-a-service offering comprising compute, storage, security, and networking solutions. Rumble was founded in 2013 and is headquartered in Longboat Key, Florida. About Northern Data Group Northern Data AG (ETR: NB2) is a leading provider of full-stack AI and High-Performance Computing (HPC) solutions, leveraging a network of high-density, liquid-cooled, GPU-based technology to enable the world's most innovative companies. Northern Data has one of the largest GPU clusters for HPC in Europe through its Taiga Cloud business, while its Ardent Data Centers business has approximately 250MW of power deployed or coming online across ten global data centers by 2027. Northern Data enjoys access to cutting-edge chips and hardware for maximum performance and efficiency. To learn more, please visit northerndata.de Important Information for Investors and Stockholders This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be commenced except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended (the "Securities Act") and/or a prospectus pursuant to the Regulation (EU) 2017/1129, as amended (the "EU Prospectus Regulation"). The tender offer referenced in this press release (the "Offer") is only being made pursuant to (i) the Registration Statement on Form S-4 and related information statement and other relevant documents filed by Rumble with the Securities and Exchange Commission ("SEC"), which has been declared effective, (ii) a securities prospectus in accordance with the EU Prospectus Regulation (the "EU Prospectus") filed by Rumble with and approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, "BaFin") and (iii) a separate offer document (the "Offer Document") which contains the terms and conditions of the Offer in detail as well as other information regarding the Offer. BaFin's approval only confirms that the EU Prospectus meets the standards of completeness, comprehensibility and consistency required by law and shall not be considered as an endorsement of the Offer or Rumble's stock. The Offer Document is not subject to review or registration proceedings of any securities regulator neither in nor outside the Federal Republic of Germany, and the Offer Document has not been approved or recommended by any such securities regulator, including the SEC or BaFin. Before making any voting or investment decision, investors and security holders of Northern Data are strongly advised to read (i) the Registration Statement and related information statement and all other relevant documents filed or that will be filed with the SEC, (ii) the EU Prospectus and (iii) the Offer Document in connection with the Offer, as they contain important information about the transaction. Holders of Northern Data shares will need to make their own decision whether to tender shares in the Offer. Investors and security holders of Northern Data may obtain free copies of (i) the Registration Statement and related information statement and all other relevant documents filed or that will be filed with the SEC by Rumble through the website maintained by the SEC at www.sec.gov, and (ii) the EU Prospectus and the Offer Document through the website relating to the Offer (www.rumble-offer.com) Neither the SEC, any U.S. state securities commission nor the BaFin has approved, disapproved or passed any comment upon the adequacy, accuracy or completeness of the disclosure in this press release. Any representation to the contrary is a criminal offense in the United States. Rumble reserves the right to acquire further Northern Data shares in a manner other than in the context of the Offer on or off the stock exchange and/or enter into corresponding acquisition agreements during the offer period, in each case in accordance with applicable law. Any information about such purchases that is made public in Germany will also be made publicly available in the United States on a comparable basis, including by press release and/or by filing a Form 8-K with the SEC. Rumble is not obliged to adjust the offer consideration as a result of such acquisitions. There will also be no increase of the offer consideration for any other reason. Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, results of operations, financial condition and cash flows (including revenues, operating expenses, and net income (loss)); our ability to meet working capital needs and cash requirements over the next 12 months; and our expectations regarding future results and certain key performance indicators. Certain of these forward-looking statements can be identified by using words such as "anticipates," "believes," "intends," "estimates," "targets," "expects," "endeavors," "forecasts," "could," "will," "may," "future," "likely," "on track to deliver," "continues to," "looks forward to," "is primed to," "plans," "projects," "assumes," "should" or other similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, and our actual results could differ materially from future results expressed or implied in these forward-looking statements. The forward-looking statements included in this press release are based on our current beliefs and expectations of our management as of the date of this press release. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include risks related to the pending Northern Data business combination, including our ability to successfully complete the transaction, and, if completed, the success of the business following the transaction; the ability to successfully integrate Rumble's and Northern Data's businesses; the risk that the conditions to closing of the transaction are not satisfied in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the transaction; the risk that the transaction can negatively impact the ability of Rumble and Northern Data to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers and customers, and on their operating results and businesses generally; the risk that the combined business may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; the risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products; the risk posed by potential breaches of information systems and cyber-attacks; the risks that Rumble, Northern Data or the post combination company may not be able to effectively compete, including through product improvements and development; the risk that Rumble, Northern Data or the post-combination company may not be able to meet surging AI compute demand by establishing business relationships with hyperscalers; the risk that the cloud, video, and content delivery network capabilities of Rumble, Northern Data or the post-combination company may not be sufficient to attract and continue to attract interest from system integrators and content creators and to create powerful funnel partnership opportunities for the combined platform; the risk that Rumble, Northern Data or the post combination company may not be able to accelerate delivery of next-generation cloud solutions and AI applications; our ability to grow and manage future growth profitably over time, maintain relationships with customers, compete within our industry and retain key employees; weakened global economic conditions may affect our business and operating results; our limited operating history makes it difficult to evaluate our business and prospects; we may not grow or maintain our active user base, and may not be able to achieve or maintain profitability; we may fail to maintain adequate operational and financial resources; we may be unsuccessful in attracting new users to our mobile and connected TV offerings; our traffic growth, engagement, and monetization depend upon effective operation within and compatibility with operating systems, networks, devices, web browsers and standards, including mobile operating systems, networks, and standards that we do not control; our business depends on continued and unimpeded access to our content and services on the internet and if we or those who engage with our content experience disruptions in internet service, or if internet service providers are able to block, degrade or charge for access to our content and services, we could incur additional expenses and the loss of traffic and advertisers; we face significant market competition, and if we are unable to compete effectively with our competitors for traffic and advertising spend, our business and operating results could be harmed; we rely on data from third parties to calculate certain of our performance metrics and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business; changes to our existing content and services could fail to attract traffic and advertisers or fail to generate revenue; we derive the majority of our revenue from advertising and the failure to attract new advertisers, the loss of existing advertisers, or the reduction of or failure by existing advertisers to maintain or increase their advertising budgets may adversely affect our business and operating results; we depend on third-party vendors, including internet service providers, advertising networks, and data centers, to provide core services; new technologies have been developed that are able to block certain online advertisements or impair our ability to deliver advertising, which could harm our operating results; we have offered and intend to continue to offer incentives, including economic incentives, to content creators to join our platform, and these arrangements may involve fixed payment obligations that are not contingent on actual revenue or performance metrics generated by the applicable content creator but rather are based on our modeled financial projections for that creator, which if not satisfied may adversely impact our financial performance, results of operations and liquidity; changes in tax rates, changes in tax treatment of companies engaged in e-commerce, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities may adversely impact our financial results; compliance obligations imposed by new privacy laws, laws regulating online video sharing platforms, other online platforms and online speech in certain jurisdictions in which we operate, or industry practices may adversely affect our business, financial performance, and operating results; we may become subject to newly enacted laws and regulations that restrict or moderate content on the internet; we are exposed to significant regulatory, operational, compliance, privacy, and legal risks related to age restriction or verification requirements and children's online safety laws contemplated or enacted in various U.S. states and foreign jurisdictions; paid endorsements by our content creators may expose us to regulatory risk, liability, and compliance costs, and, as a result, may adversely affect our business, financial condition and results of operations; we have incurred and will incur significantly increased expenses and administrative burdens as a public company, which could have an adverse effect on our business, financial condition, and results of operations; and those additional risks, uncertainties and factors described in more detail in Northern Data's annual and interim financial reports made publicly available and under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, and in our other filings with the SEC. We do not intend, and, except as required by law, we undertake no obligation to update any of our forward-looking statements after the issuance of this press release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. For investor relations and US-based media inquiries, please contact: Shannon Devine MZ Group, MZ North America +1 203-741-8811 [email protected] For German-based media inquiries, please contact: Thomas Krammer FTI Consulting +49 170 2827 848 [email protected] Source: Rumble Inc. |
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2026-06-12 18:57
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Published
2026-05-27 12:19
3mo ago
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RUM Investors Have Opportunity to Join Rumble Inc. Fraud Investigation with the Schall Law Firm | FMP Stock News | |
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Original source text
LOS ANGELES, May 27, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rumble Inc. (“Rumble” or “the Company”) (NASDAQ: RUM) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rumble reported its Q1 2026 financial results on May 14, 2026. The Company revealed that increased marketing costs and higher spending on R&D caused a much larger net loss than in the prior-year period. Based on this news, shares of Rumble fell by almost 11.9% on the next day. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law Firm Brian Schall, Esq. 310-301-3335 [email protected] www.schallfirm.com |
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2026-06-12 18:56
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2026-05-28 10:00
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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Original source text
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. ("Rumble" or the "Company") (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble's stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP |
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2026-06-12 18:56
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2026-05-30 10:00
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Rumble: Pivotal AI Cloud Shift | FMP Stock News | |
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Original source text
Rumble Inc. is pivoting from video streaming to AI cloud services with the imminent Northern Data acquisition, targeting major AI compute opportunities. Post-merger, RUM expects a sales baseline of ~$425 million, driven by Tether commitments and GPU rental expansion, positioning the company for significant revenue growth. The stock will trade at about 10x sales initially, but substantial upside hinges on securing large AI cloud deals and effective GPU capacity utilization. |
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2026-06-12 18:56
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2026-06-02 16:46
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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Original source text
NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. (“Rumble” or the “Company”) (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble’s stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 |
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2026-06-12 18:56
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2026-06-04 10:00
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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Original source text
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. ("Rumble" or the "Company") (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble's stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP |
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2026-06-12 18:56
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2026-06-04 14:08
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Rumble Signs Agreement with Together AI to Deploy NVIDIA Blackwell-Powered AI Compute as a Service | FMP Stock News | |
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Original source text
June 04, 2026 14:08 ET | Source: Rumble, Inc.~Agreement is a commitment to purchase dedicated NVIDIA HGX™B300 capacity~ ~Includes large-scale deployment liquid-cooled latest generation NVIDIA HGX™ B300 GPUs~ LONGBOAT KEY, Fla., June 04, 2026 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM) (“Rumble”), a high performance AI compute provider, and Together AI, the AI Native Cloud, today announced that they have entered into a multi-year agreement under which Together AI will commit to purchase dedicated GPU cloud capacity from Rumble powered by NVIDIA HGX™ B300 systems. The deal also includes potential for greater value and extended length based on market success. Rumble has received multiple non-dilutive GPU financing offers from unaffiliated third parties. Under the agreement, Rumble will deploy liquid-cooled, latest-generation NVIDIA HGX™ B300 GPUs, providing Together AI with high-performance compute for cutting-edge AI workloads that power some of the world’s fastest-growing AI companies. The agreement further establishes Rumble’s emergence as a credible, independent provider of large-scale AI infrastructure outside the traditional hyperscale ecosystem. For Together AI, the deal expands and diversifies its pool of Blackwell-class capacity at a time of unprecedented global demand for frontier AI compute, enhancing the company’s ability to serve large-scale inference, fine-tuning, and training workloads for AI-native builders. The partnership also reinforces both companies’ shared commitment to building open, neutral AI infrastructure that gives developers and enterprises more choice, higher performance, and better value than is typically available from hyperscale incumbents. “This agreement is a major milestone for Rumble and a strong validation of our strategy to build sovereign, high-performance AI compute as a Service outside the hyperscaler stack,” said Chris Pavlovski, Chairman and CEO of Rumble. “Together AI is one of the most respected names in AI, building for the AI-native builders, and we are proud to power a portion of their next-generation Blackwell capacity. This contract gives us long-duration revenue visibility while accelerating the buildout of our cloud at scale.” “Access to reliable Blackwell-class capacity is critical for the customers we serve, who are training, shaping, and deploying some of the most demanding AI models in the world,” said Vipul Ved Prakash, Founder and CEO of Together AI. “Partnering with Rumble expands our global GPU footprint and gives our customers more choice in where and how they run their workloads. We’re excited to work with a partner that shares our belief that the future of AI will be open, transparent, and in the hands of builders.” About Rumble Rumble is a Freedom-First technology platform with a mission to protect a free and open internet. The platform spans cloud, AI, and digital media, including its namesake video service, and is built on a foundation of customer independence and free speech. For more information, visit corp.rumble.com. Forward-Looking Statements Certain statements in this press release and the associated Form 8-K constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, results of operations, financial condition and cash flows (including revenues, operating expenses, and net income (loss)); our ability to meet working capital needs and cash requirements over the next 12 months; and our expectations regarding future results and certain key performance indicators. Certain of these forward-looking statements can be identified by using words such as “anticipates,” “believes,” “intends,” “estimates,” “targets,” “expects,” “endeavors,” “forecasts,” “could,” “will,” “may,” “future,” “likely,” “on track to deliver,” “continues to,” “looks forward to,” “is primed to,” “plans,” “projects,” “assumes,” “should” or other similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, and our actual results could differ materially from future results expressed or implied in these forward-looking statements. The forward-looking statements included in this release are based on our current beliefs and expectations of our management as of the date of this release. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include risks related to the proposed Northern Data business combination, including our ability to successfully complete the proposed transaction; our ability to grow and manage future growth profitably over time, maintain relationships with customers, compete within our industry and retain key employees; weakened global economic conditions may affect our business and operating results; our limited operating history makes it difficult to evaluate our business and prospects; we may not grow or maintain our active user base, and may not be able to achieve or maintain profitability; we may fail to maintain adequate operational and financial resources; we may be unsuccessful in attracting new users to our mobile and connected TV offerings; our traffic growth, engagement, and monetization depend upon effective operation within and compatibility with operating systems, networks, devices, web browsers and standards, including mobile operating systems, networks, and standards that we do not control; our business depends on continued and unimpeded access to our content and services on the internet and if we or those who engage with our content experience disruptions in internet service, or if internet service providers are able to block, degrade or charge for access to our content and services, we could incur additional expenses and the loss of traffic and advertisers; we face significant market competition, and if we are unable to compete effectively with our competitors for traffic and advertising spend, our business and operating results could be harmed; we rely on data from third parties to calculate certain of our performance metrics and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business; changes to our existing content and services could fail to attract traffic and advertisers or fail to generate revenue; we derive the majority of our revenue from advertising and the failure to attract new advertisers, the loss of existing advertisers, or the reduction of or failure by existing advertisers to maintain or increase their advertising budgets may adversely affect our business and operating results; we depend on third-party vendors, including internet service providers, advertising networks, and data centers, to provide core services; new technologies have been developed that are able to block certain online advertisements or impair our ability to deliver advertising, which could harm our operating results; we have offered and intend to continue to offer incentives, including economic incentives, to content creators to join our platform, and these arrangements may involve fixed payment obligations that are not contingent on actual revenue or performance metrics generated by the applicable content creator but rather are based on our modeled financial projections for that creator, which if not satisfied may adversely impact our financial performance, results of operations and liquidity; changes in tax rates, changes in tax treatment of companies engaged in e-commerce, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities may adversely impact our financial results; compliance obligations imposed by new privacy laws, laws regulating online video sharing platforms, other online platforms and online speech in certain jurisdictions in which we operate, or industry practices may adversely affect our business, financial performance, and operating results; we may become subject to newly enacted laws and regulations that restrict or moderate content on the internet; we are exposed to significant regulatory, operational, compliance, privacy, and legal risks related to age restriction or verification requirements and children’s online safety laws contemplated or enacted in various U.S. states and foreign jurisdictions; paid endorsements by our content creators may expose us to regulatory risk, liability, and compliance costs, and, as a result, may adversely affect our business, financial condition and results of operations; we have incurred and will incur significantly increased expenses and administrative burdens as a public company, which could have an adverse effect on our business, financial condition, and results of operations; and those additional risks, uncertainties and factors described in more detail under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and in our other filings with the Securities and Exchange Commission. We do not intend, and, except as required by law, we undertake no obligation, to update any of our forward-looking statements after the issuance of this release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Investor Relations Contact: Shannon Devine MZ Group, MZ North America +1 203-741-8811 [email protected] |
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2026-06-12 18:56
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2026-06-08 00:01
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Rumble Announces Final Results of Exchange Offer for Northern Data | FMP Stock News | |
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Original source text
June 08, 2026 00:01 ET | Source: Rumble, Inc.Rumble Has Successfully Secured the Support of 85% of Northern Data’s Share Capital In Total, 46% of Northern Data Shares not subject to Transaction Support Agreements Have Been Tendered Additional Acceptance Period Expired on June 1, 2026 – Exchange Offer No Longer Open for Acceptance Closing Expected in mid-June 2026, with application for Delisting of Northern Data Shares expected to be filed immediately Afterwards Transaction Follows Compelling Strategic Rationale Longboat Key, FL, June 08, 2026 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM) (“Rumble”), the Freedom-First technology platform, today announced the final results for its exchange offer to acquire all outstanding shares of Northern Data AG (“Northern Data”). A total of 8,174,379 shares were tendered in the offer, representing 46.2% of shares not subject to transaction support agreements. Including shares committed under transaction support agreements, Rumble has now secured approximately 85.2% of Northern Data’s outstanding shares. The high acceptance rate demonstrates that the vast majority of Northern Data shareholders approve of the transaction and the underlying strategic rationale. The additional acceptance period expired on June 1, 2026 and the exchange offer can no longer be accepted. All regulatory approvals have been received and the closing of the exchange offer is expected in mid-June 2026, subject to satisfaction or waiver of the remaining offer conditions. Northern Data is expected to file for termination of the inclusion of the Northern Data shares in trading in the open market (m:access segment) of the Munich stock exchange immediately following the closing of the tender offer. A separate delisting offer will not be required. The transaction follows a compelling strategic rationale: Together, Rumble and Northern Data will drive towards becoming a leading, independent force in AI computation, cloud infrastructure, and digital video innovation. The combined company will form the foundation of a fully integrated, independent AI and cloud platform with the scale, technology, and balance sheet strength to compete globally. Additional information can be found at www.rumble-offer.com. About Rumble Inc. Rumble is a high-growth neutral video platform and cloud services provider. Rumble’s platform products include Rumble Video, a free and subscription-based video sharing and livestreaming platform; Rumble Studio, a multi-platform livestreaming and monetization service for creators; Rumble Advertising Center (RAC), an in-house advertising marketplace; Rumble Wallet, a non-custodial crypto wallet integrated into the platform; and Rumble Cloud, an infrastructure-as-a-service offering comprising compute, storage, security, and networking solutions. Rumble was founded in 2013 and is headquartered in Longboat Key, Florida. About Northern Data Group Northern Data AG (ETR: NB2) is a leading provider of full-stack AI and High-Performance Computing (HPC) solutions, leveraging a network of high-density, liquid-cooled, GPU-based technology to enable the world’s most innovative companies. Northern Data has one of the largest GPU clusters for HPC in Europe through its Taiga Cloud business, while its Ardent Data Centers business has approximately 250MW of power deployed or coming online across ten global data centers by 2027. Northern Data enjoys access to cutting-edge chips and hardware for maximum performance and efficiency. To learn more, please visit northerndata.de. Important Information for Investors and Stockholders This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be commenced except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended (the “Securities Act”) and/or a prospectus pursuant to the Regulation (EU) 2017/1129, as amended (the “EU Prospectus Regulation”). The tender offer referenced in this press release (the “Offer”) is only being made pursuant to (i) the Registration Statement on Form S-4 and related information statement and other relevant documents filed by Rumble with the Securities and Exchange Commission (“SEC”), which has been declared effective, (ii) a securities prospectus in accordance with the EU Prospectus Regulation (the “EU Prospectus”) filed by Rumble with and approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”) and (iii) a separate offer document (the “Offer Document”) which contains the terms and conditions of the Offer in detail as well as other information regarding the Offer. BaFin’s approval only confirms that the EU Prospectus meets the standards of completeness, comprehensibility and consistency required by law and shall not be considered as an endorsement of the Offer or Rumble’s stock. The Offer Document is not subject to review or registration proceedings of any securities regulator neither in nor outside the Federal Republic of Germany, and the Offer Document has not been approved or recommended by any such securities regulator, including the SEC or BaFin. Before making any voting or investment decision, investors and security holders of Northern Data are strongly advised to read (i) the Registration Statement and related information statement and all other relevant documents filed or that will be filed with the SEC, (ii) the EU Prospectus and (iii) the Offer Document in connection with the Offer, as they contain important information about the transaction. Holders of Northern Data shares will need to make their own decision whether to tender shares in the Offer. Investors and security holders of Northern Data may obtain free copies of (i) the Registration Statement and related information statement and all other relevant documents filed or that will be filed with the SEC by Rumble through the website maintained by the SEC at www.sec.gov, (ii) the EU Prospectus and the Offer Document through the website relating to the Offer (www.rumble-offer.com). Neither the SEC, any U.S. state securities commission nor the BaFin has approved, disapproved or passed any comment upon the adequacy, accuracy or completeness of the disclosure in this press release. Any representation to the contrary is a criminal offense in the United States. Rumble reserves the right to acquire further Northern Data shares in a manner other than in the context of the Offer on or off the stock exchange and/or enter into corresponding acquisition agreements during the offer period, in each case in accordance with applicable law. Any information about such purchases that is made public in Germany will also be made publicly available in the United States on a comparable basis, including by press release and/or by filing a Form 8-K with the SEC. Rumble is not obliged to adjust the offer consideration as a result of such acquisitions. There will also be no increase of the offer consideration for any other reason. Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not historical facts are forward-looking statements and include, for example, results of operations, financial condition and cash flows (including revenues, operating expenses, and net income (loss)); our ability to meet working capital needs and cash requirements over the next 12 months; and our expectations regarding future results and certain key performance indicators. Certain of these forward-looking statements can be identified by using words such as “anticipates,” “believes,” “intends,” “estimates,” “targets,” “expects,” “endeavors,” “forecasts,” “could,” “will,” “may,” “future,” “likely,” “on track to deliver,” “continues to,” “looks forward to,” “is primed to,” “plans,” “projects,” “assumes,” “should” or other similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, and our actual results could differ materially from future results expressed or implied in these forward-looking statements. The forward-looking statements included in this press release are based on our current beliefs and expectations of our management as of the date of this press release. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include risks related to the pending Northern Data business combination, including our ability to successfully complete the transaction, and, if completed, the success of the business following the transaction; the ability to successfully integrate Rumble's and Northern Data's businesses; the risk that the conditions to closing of the transaction are not satisfied in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the transaction; the risk that the transaction can negatively impact the ability of Rumble and Northern Data to retain customers, retain or hire key personnel, maintain relationships with their respective suppliers and customers, and on their operating results and businesses generally; the risk that the combined business may be unable to achieve expected synergies or that it may take longer or be more costly than expected to achieve those synergies; the risk of fluctuations in revenue due to lengthy sales and approval process required by major and other service providers for new products; the risk posed by potential breaches of information systems and cyber-attacks; the risks that Rumble, Northern Data or the post combination company may not be able to effectively compete, including through product improvements and development; the risk that Rumble, Northern Data or the post-combination company may not be able to meet surging AI compute demand by establishing business relationships with hyperscalers; the risk that the cloud, video, and content delivery network capabilities of Rumble, Northern Data or the post-combination company may not be sufficient to attract and continue to attract interest from system integrators and content creators and to create powerful funnel partnership opportunities for the combined platform; the risk that Rumble, Northern Data or the post combination company may not be able to accelerate delivery of next-generation cloud solutions and AI applications; our ability to grow and manage future growth profitably over time, maintain relationships with customers, compete within our industry and retain key employees; weakened global economic conditions may affect our business and operating results; our limited operating history makes it difficult to evaluate our business and prospects; we may not grow or maintain our active user base, and may not be able to achieve or maintain profitability; we may fail to maintain adequate operational and financial resources; we may be unsuccessful in attracting new users to our mobile and connected TV offerings; our traffic growth, engagement, and monetization depend upon effective operation within and compatibility with operating systems, networks, devices, web browsers and standards, including mobile operating systems, networks, and standards that we do not control; our business depends on continued and unimpeded access to our content and services on the internet and if we or those who engage with our content experience disruptions in internet service, or if internet service providers are able to block, degrade or charge for access to our content and services, we could incur additional expenses and the loss of traffic and advertisers; we face significant market competition, and if we are unable to compete effectively with our competitors for traffic and advertising spend, our business and operating results could be harmed; we rely on data from third parties to calculate certain of our performance metrics and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business; changes to our existing content and services could fail to attract traffic and advertisers or fail to generate revenue; we derive the majority of our revenue from advertising and the failure to attract new advertisers, the loss of existing advertisers, or the reduction of or failure by existing advertisers to maintain or increase their advertising budgets may adversely affect our business and operating results; we depend on third-party vendors, including internet service providers, advertising networks, and data centers, to provide core services; new technologies have been developed that are able to block certain online advertisements or impair our ability to deliver advertising, which could harm our operating results; we have offered and intend to continue to offer incentives, including economic incentives, to content creators to join our platform, and these arrangements may involve fixed payment obligations that are not contingent on actual revenue or performance metrics generated by the applicable content creator but rather are based on our modeled financial projections for that creator, which if not satisfied may adversely impact our financial performance, results of operations and liquidity; changes in tax rates, changes in tax treatment of companies engaged in e-commerce, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities may adversely impact our financial results; compliance obligations imposed by new privacy laws, laws regulating online video sharing platforms, other online platforms and online speech in certain jurisdictions in which we operate, or industry practices may adversely affect our business, financial performance, and operating results; we may become subject to newly enacted laws and regulations that restrict or moderate content on the internet; we are exposed to significant regulatory, operational, compliance, privacy, and legal risks related to age restriction or verification requirements and children's online safety laws contemplated or enacted in various U.S. states and foreign jurisdictions; paid endorsements by our content creators may expose us to regulatory risk, liability, and compliance costs, and, as a result, may adversely affect our business, financial condition and results of operations; we have incurred and will incur significantly increased expenses and administrative burdens as a public company, which could have an adverse effect on our business, financial condition, and results of operations; and those additional risks, uncertainties and factors described in more detail in Northern Data's annual and interim financial reports made publicly available and under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, and in our other filings with the SEC. We do not intend, and, except as required by law, we undertake no obligation to update any of our forward-looking statements after the issuance of this press release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. For investor relations and US-based media inquiries, please contact: Shannon Devine MZ Group, MZ North America +1 203-741-8811 [email protected] For German-based media inquiries, please contact: Thomas Krammer FTI Consulting +49 170 2827 848 [email protected] Source: Rumble Inc. |
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2026-06-12 18:56
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2026-06-08 08:58
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Rumble Bounces Back: Landmark GPU Deal Keeps Bulls Engaged After Friday's Drubbing | FMP Stock News | |
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Original source text
Rumble shares are advancing steadily. What’s pushing RUM stock higher? How We Got HereFriday’s jobs report showed 172,000 payrolls added in May — more than double the 80,000 consensus estimate — pushing the 10-year yield above 4.5% and leaving little room for the Federal Reserve to cut rates anytime soon. That’s bad news for high-multiple growth stocks like Rumble, whose valuations are heavily dependent on the expectation of lower rates ahead. The stock fell 8.6% on the day despite no negative company-specific news.The $270 Million DealNorthern Data Closing InThe Bear CaseRumble Shares ClimbRUM Price Action: At the time of publication, Rumble shares are trading 1.72% higher at $7.71, according to data from Benzinga Pro. Image via Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-06-12 18:56
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2026-06-08 12:09
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RUM Investors Have Opportunity to Join Rumble Inc. Fraud Investigation with the Schall Law Firm | FMP Stock News | |
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Original source text
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rumble Inc. ("Rumble" or "the Company") (NASDAQ: RUM) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Rumble reported its Q1 2026 financial results on May 14, 2026. The Company revealed that increased marketing costs and higher spending on R&D caused a much larger net loss than in the prior-year period. Based on this news, shares of Rumble fell by almost 11.9% on the next day. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law Firm Brian Schall, Esq. 310-301-3335 [email protected] www.schallfirm.com SOURCE The Schall Law Firm |
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2026-06-12 18:56
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2026-06-09 13:26
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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Original source text
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. (“Rumble” or the “Company”) (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble’s stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 |
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2026-06-12 18:56
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Published
2026-06-10 16:05
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Rumble Announces Participation in Upcoming June 2026 Conferences | FMP Stock News | |
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Original source text
June 10, 2026 16:05 ET | Source: Rumble, Inc.LONGBOAT KEY, FL, June 10, 2026 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ: RUM) (“Rumble” or the “Company”), the Freedom-First technology platform, today announced that its management team will participate in the following upcoming conferences: Maxim Group’s AI Data Center Summit, to be held virtually on Thursday, June 11, 2026. Chris Pavlovski, Chief Executive Officer of Rumble, and Michael Masci, Chief Financial Officer of Rumble, will participate in an analyst-selected fireside chat on Thursday, June 11, 2026, at 4:30 PM ET. The fireside chat will be webcast and available for viewing here and on the Company’s Investor Relations website. The 16th Annual ROTH London Conference, to be held June 16-18, 2026 at the Four Seasons London in London, UK. Management will conduct one-on-one meetings with institutional investors throughout the conference. The Northland Growth Conference 2026, to be held virtually on Tuesday, June 23, 2026. Management will conduct one-on-one meetings with institutional investors throughout the conference. To request a meeting with Rumble’s management during the upcoming conferences, please contact your conference representative or the Company’s Investor Relations team at [email protected]. About Rumble Inc. Rumble is a high-growth neutral video platform and cloud services provider. The Company’s platform products include Rumble Video, a free and subscription-based video sharing and livestreaming platform; Rumble Studio, a multi-platform livestreaming and monetization service for creators; Rumble Advertising Center (RAC), an in-house advertising marketplace; Rumble Wallet, a non-custodial crypto wallet integrated into the platform; and Rumble Cloud, an infrastructure-as-a-service offering comprising compute, storage, security, and networking solutions. Rumble was founded in 2013 and is headquartered in Longboat Key, Florida. For investor inquiries, please contact: Shannon Devine MZ Group, MZ North America 203-741-8811 [email protected] Source: Rumble Inc. |
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2026-06-12 18:56
2mo ago
Published
2026-06-11 10:00
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rumble Inc. - RUM | FMP Stock News | |
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Original source text
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rumble Inc. ("Rumble" or the "Company") (NASDAQ: RUM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Rumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 14, 2026, Rumble issued a press release reporting its financial results for the first quarter of 2026. Despite reporting record revenue, Rumble disclosed that higher marketing costs, acquisition-related expenses, and increased spending on research and development significantly eroded profits during the quarter, causing the Company to report a net loss of $30.2 million, compared to a loss of only $2.6 million in the prior-year period. On this news, Rumble's stock price fell $0.97 per share, or 11.87%, to close at $7.20 per share on May 15, 2026. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP |
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