Rumble Stock Shoots Up 40% on First Day as Public Company
settling to $16.81 at the bell. It was down more than 2% in after-hours trading.Backed by billionaire Peter Thiel, the conservative platform, which is seen as an alternative to YouTube, attracted the likes of Infowars founder and conspiracy theorist Alex Jones and several QAnon influencers who were booted from social media.Rumble, which trades under the ticker handle “RUM,” says it has 78 million global monthly viewers and will launch exclusive shows from actor Russell Brand and journalist Glenn Greenwald, according to CNBC.The company, which touts that it does “not stifle, censor, or punish creativity and freedom of expression,” is also associated with a similar alternative platform as it manages ad sales for Truth Social, the social media platform kickstarted by former President Donald Trump after he was banned from mainstream social media networks like Twitter, Instagram and Facebook.“We create technologies that are immune to cancel culture.