Rumble Inc. RUM saw an increase in its stock trading following the public debut of Trump Media & Technology Group Corp. on the Nasdaq exchange. Chris Pavlovski, Rumble's CEO, expressed his congratulations to Trump Media & Technology Group, mentioning their cloud partnership and advertising capabilities.
Pavlovski's sentiments were shared on the social media platform X, praising the efforts of Devin Nunes for their accomplishment in going public. Additionally, Pavlovski was featured on Fox Business "Cavuto’s Coast To Coast" where he discussed Rumble's potential bid to acquire TikTok. Looking ahead, Rumble is scheduled to release its fourth-quarter financial results after the closing bell on Wednesday, with expectations of reporting a loss of 22 cents per share and quarterly revenue of $28.127 million, as estimated by Benzinga Pro.
In terms of investment strategies related to Rumble's stock, individuals can purchase shares through brokerage platforms or consider investing in ETFs that include Rumble shares. Investing in ETFs focused on the Communication Services sector can provide exposure to various companies within the industry, allowing investors to align with trends in that specific segment. Rumble's stock price showed a significant increase, closing up at $57.99 with a gain of 16.10% on Tuesday, as reported by Benzinga Pro.