Rumble: Wait For $5
Update - Dec. 23
Rumble closed at a new low below $7. The stock has now crashed below $6.50 and looks set to make a run down to $5. Investors need to stay on the sidelines until some clarification exists on the lows.
Update - Dec. 6

- Rumble reported a strong revenue jump in Q3'22, but the revenue base is still only $11 million.
- The 'neutral' video platform has impressive plans with new monetization products to reward content creators over time.
- The stock valuation doesn't match the current revenue base with a market cap of $3.7 billion based on the 375 million diluted shares providing limited upside to shareholders.
- The $5 price target remains in place as the likely path for the stock.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
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