Is the Rumble stock worth buying?
Rumble is a video-sharing app similar to YouTube that Trump supporters flock towards after jumping ship from Facebook and Twitter. The hatred of Trump supporters coupled with persecution by traditional social networks has led them to seek alternative outlets to freely express what they perceive as the truth of the matter. Unlike Trump’s company, Rumble does have an existing, eight-year-old business and growing.
What makes the Rumble social media appealing?
Rumble has benefited from the growing frustration with big tech. Creators might be censored on YouTube and Facebook, and have a hard time making money as a result. YouTube is also facing advertiser boycotts over inappropriate content. When such boycotts happen, they direct more attention to alternative platforms.
After Biden won the presidential elections for 2020, conservatives had some of their content demonetized on YouTube. They moved over to the Rumble app because it does not filter its content as much as YouTube. Therefore, many content creators find Rumble to be a “free speech friendly” app. Revenue and other fixed payments depend on how much ownership of their content the creator is willing to give up.
Should you invest in Rumble?
To a degree, Rumble could be compared to Facebook and Google in their early years. If you could get your hands on Rumble's privately traded stock, it may be worth considering. They benefit from a new sense among conservatives that moderation on Facebook, Twitter, and YouTube are biased against them. In theory, that should create a huge potential audience for conservative-friendly alternatives.
Rumble has more than 36 million monthly active users in the third quarter of 2021, including 23 million in the U.S. As of August 2021, the company reported 44 million monthly active users. The company has nearly eight billion minutes of watched video time monthly.
Is Rumble stock a buy right now?
While Rumble could prove successful, don't bet so much on them now. One of the problems with SPACs is that people who help create them are financially incentivized to walk away after the merger. If those existing SPAC shareholders leave — as they are kind of financially incentivized to do — then regular people buying the stock could wind up owning shares of a company that’s less valuable than promised. Until then, wait for the recent bubble in CFVI stock to deflate.
How to buy rumble stock with a brokerage account?
Shares of Rumble (CFVI) can be purchased through any online brokerage account. You just need to open a brokerage account and buy CFVI stock listed on the NYSE or Nasdaq. Popular online brokerages with access to the U.S. stock market include eToro, WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, SoFi, Fidelity, and Charles Schwab.
