Rumble: Scrapping Along The Bottom
Update - Jan. 22, 2024
The BarStool Sports deal is very promising, especially considering the push to promote Rumble. The company didn't provide any financial details on the partnership and a large guaranteed payment could actually be a negative.
The stock remains interesting below $5.
Update - Jan. 11, 2024
Rumble continues to collapse this week likely due to Twitter/X announcing new shows only on X.
The stock is down to new lows below $4.
Original article posted on Dec. 5, 2023
- Rumble Inc. user metrics remain tepid, leading to new lows for the online video sharing service.
- The company's massive spending on content creators has not resulted in significantly higher usage or revenues.
- Rumble is forecasting a path to break even in 2025, but the stock remains risky due to high cash burn and the inability to monetize users effectively.