Rumble: Not Ready For Prime Time Yet
Rumble continues to fall as investors grasp with post SPAC valuation concerns. The video-sharing platform is set to release Q3 results on November 14. The stock has more appeal around $5 after the market fully grasp quarterly revenues are only in the $5 to $6 million range. This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » Rumble ( NASDAQ: RUM ) recently closed the SPAC deal with CF Acquisition Corp. VI to go public. The video-sharing platform has a lot of promise to open up the online video market, but the company still faces tons of growing pains. My investment thesis remains Bearish on the stock until after company publicly releases quarterly results and shareholders face the limited sales levels. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. Update - Nov. 15 Rumble reported decen...