Rumble: Speculative Play (Rating Upgrade)
Update - Oct. 19, 2023
The online video streaming chart has shown a noticeable improvement after dipping below $5. Rumble still needs to prove the company can leverage the higher spending to more viewers. As example, Russell Brand only has 1.72 million followers now despite pushing his Twitter follower base to Rumble.
Update - Sept. 28, 2023
Rumble has made a big bounce off the lows below $5. The stock got beaten down too far on irrational fears.
Original article posted on Sept. 26
- Rumble Inc. stock has plummeted, making it an appealing buy for investors looking for an entry point.
- The platform's focus on free speech has not resulted in significant organic growth, with content creators only using Rumble as a last resort or when well compensated.
- The stock offers a better value at 6x '24 sales, which is cheap for the strong growth rates.
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