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Rumble SPAC CFVI gains after Q1 metrics released
Apr. 06, 2022 4:27 PM ETCF Acquisition Corp. VI (CFVI)DWACBy: Joshua Fineman, SA News Editor13 Comments
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Sagar Gore/iStock via Getty Images
SPAC CF Acquisition VI (NASDAQ:CFVI), which agreed in December to take YouTube competitor Rumble public, ticked up 1% in after hours trading after it disclosed a 22% increase in monthly active users in Q1 versus Q4.
March had a record high of 44.3 million MAUs. Rumble also set user engagement records in Q1 with Rumble users watching an average of 10.5 billion minutes per month, according to a statement.
Rumble and SPAC CFVI have been gaining a lot of interest in recent months after the alternative YouTube platform announced a deal with former President Donald Trump's new social media company and his platform Truth Social. Trump's media company is also going public through a deal with SPAC Digital World Acquisition (DWAC).
Rumble is slated to go public later this year through the merger with CFVI. The deal, which values Rumble at $2.1 billion, is expected to close during Q2. Rumble’s video platform has become increasingly popular with conservative content makers.
Earlier, Trump SPAC Digital World Acquisition fell for ninth straight day.
Now Read: Rumble SPAC CFVI gains after Joe Rogan discussed potentially exiting Spotify
https://finance.yahoo.com/news/could-cleveland-cliffs-inc-nyse-125919992.html
Again.
WILL HISTORY BE REVISITED???
CLF
MAY 2008 $108 PPS
JUNE 2008 $106 PPS
JULY 2008 $117 PPS
Nov 20, 2012 0.625 Dividend
Aug 13, 2012 0.625 Dividend
Apr 25, 2012 0.625 Dividend
https://finance.yahoo.com/news/could-cleveland-cliffs-inc-nyse-125919992.html
Rumble Launches New Discovery Feature, Dark Mode and Releases iPhone App in Brazil
8:00 AM ET 4/4/22 | Dow Jones
Updated Rumble app for iPhones will enable users to discover more videos in new categories
LONGBOAT KEY, Fla., April 4, 2022 /PRNewswire/ -- Today, the video-sharing platform Rumble announced that the company has released a new mobile application on the iOS operating system that includes a full-screen vertical discovery feature and customized design for low-light environments, known as "dark mode." The company also released the iPhone app in two new markets, Brazil and Portugal.
In the newly updated app, iPhone users can discover new content in different categories, including news, health, sports, video gaming, home improvement, and more. As users discover videos, they can swipe right or left to indicate their like or dislike for a video. Videos with a larger ratio of likes to dislike will be recommended to users through the new discovery feature.
"With a new discovery feature and dark mode, Rumble's iOS app will deliver a top-notch user experience," said CEO Chris Pavlovski. "We look forward to bringing more features to Android mobile and connected TV users soon."
Following Rumble's announcement that Monark, "Brazil's Joe Rogan," and left-wing activist Ferréz will publish content exclusively on Rumble, the new app is also available to iPhone users in Brazil and Portugal.
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble's mission is to restore the Internet to its roots by making it free and open once again. Additionally, the company announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI). See the announcement here: https://corp.rumble.com
View original content:https://www.prnewswire.com/news-releases/rumble-launches-new-discovery-feature-dark-mode-and-releases-iphone-app-in-brazil--portugal-301516480.html
SOURCE Rumble
/CONTACT: press@rumble.com
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
Source: Edgar (US Regulatory)
Filed by CF Acquisition Corp. VI
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Commission File No.: 333-262725
“Brazil’s Joe Rogan” Monark & Left-Wing Activist Ferréz Cancel YouTube for Rumble
The influential Brazilian podcaster “Monark” and left-wing activist “Ferréz” will exclusively stream on Rumble and Locals
LONGBOAT KEY, Mar. 31, 2022 -- Today, the video sharing platform Rumble announced that influential Brazilian podcast host Bruno Aiub, known as “Monark,” and left-wing activist Reginaldo Ferreira da Silva, known as “Ferréz,” will publish their shows exclusively on Rumble. Both creators will host their shows multiple times each week on Rumble and make Locals their exclusive communities to offer subscription-only benefits to their supporters. Like the Joe Rogan Experience, both shows will offer only short clips on YouTube and other streaming services as a promotion to encourage users to view the full shows on Rumble and Locals.
“Rapidly growing Big Tech censorship – overseen by U.S.-based corporations – is not something that affects only the US. Online censorship is now pervasive in Brazil and is still gaining strength. Given that Brazil is one of the largest and most online countries in the world, the union of the state, the judiciary and Big Tech monopolies are eager to control speech,” said Bruno Aiub. “I’m very excited that a large and growing platform like Rumble is now ready to expand in Brazil, enabling journalists, commentators and content creators to speak freely and fight against censorship. As of now, Rumble will be the only platform in Brazil truly devoted to free discourse and free thought.”
According to the New York Times, Monark is “Brazil’s version of Joe Rogan,” and “perhaps the nation’s most popular podcaster. He broadcasts hours long interviews, often with divisive newsmakers” and he is one of Brazil’s “most important interlocutors and most influential voices.” An advocate of free speech, Monark is noted for his wide-ranging discussions with guests from all different walks of life. By some measures, his “Flow” podcast is the most-listened-to podcast in Brazil.
“Our causes and urgencies need their own media, if the story is ours, we should tell it.” Said Reginaldo Ferrreira da Silva.
Ferréz is a Brazilian left-wing activist, author, poet and rapper. He is the leader of Literatura Marginal, or Marginal Literature, a movement that depicts daily life in the favelas of Brazil and others living on the margins of society.
“Adding Monark and Ferréz expands Rumble’s reach into Brazil in an explosive and a neutral way,” said Rumble CEO Chris Pavlovski ahead of the announcement. “Monark is one of the most popular podcasters in Brazil, and his fans will now be able to access him uncensored on Rumble and Locals. Ferréz is an influential left-wing cultural figure who reaches a large, underserved audience.”
Monark will launch his channel and live show on April 4th, 2022, and Ferréz will launch his channel and live show on April 8th, 2022.
You can find Monark’s Rumble channel here: https://rumble.com/Monark
You can find Monark’s Locals community here: https://monark.locals.com
You can find Ferréz’s Rumble channel here: https://rumble.com/Ferrez
You can find Ferréz’s Locals community here: https://ferrez.locals.com
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble’s mission is to restore the Internet to its roots by making it free and open once again. Additionally, the company announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI). See the announcement here: https://corp.rumble.com.
*****
Important Information and Where to Find It
This communication relates to a proposed transaction between Rumble Inc. (“Rumble”) and CF Acquisition Corp. VI (“CFVI”). This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The proposed transactions will be submitted to CFVI’s stockholders for their consideration and approval at a special meeting of stockholders. In connection with the proposed transactions, CFVI has filed a registration statement on Form S-4 (the “Registration Statement”), which included a preliminary proxy statement / prospectus in connection with CFVI’s solicitation of proxies for the vote by CFVI’s stockholders in connection with the proposed transactions and other matters as described in such Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Rumble’s shareholders in connection with the completion of the proposed transactions. After the Registration Statement has been declared effective, CFVI will mail a definitive proxy statement / prospectus and other relevant documents to its stockholders as of the record date established for voting on the proposed transactions. Investors and security holders of CFVI are advised to read the preliminary proxy statement and any amendments thereto, and, when available, the definitive proxy statement / prospectus, in connection with CFVI’s solicitation of proxies for its special meeting of stockholders to be held to approve the proposed transactions because the proxy statement / prospectus will contain important information about the proposed transaction and the parties to the proposed transactions. Investors and security holders will be able to obtain free copies of the Registration Statement, including the proxy statement / prospectus and all other relevant documents filed or that will be filed with the SEC by CFVI through the website maintained by the SEC at www.sec.gov. The documents filed by CFVI with the SEC also may be obtained free of charge upon written request to CFVI at 110 East 59th Street, New York, NY 10022.
NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS DOCUMENT, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
2
Participants in the Solicitation
CFVI and Rumble and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from CFVI’s shareholders in connection with the proposed transactions. CFVI’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and executive officers of CFVI in the Registration Statement. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from CFVI’s stockholders in connection with the proposed business combination is set forth in the Registration Statement.
No Offer or Solicitation
This document is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of CFVI or Rumble, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
Forward-Looking Statements
This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction between CFVI and Rumble. Such forward-looking statements include, but are not limited to, statements regarding the closing of the transaction and CFVI’s, Rumble’s, or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to assumptions, risks and uncertainties. These statements are based on various assumptions, whether or not identified in this document. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CFVI and Rumble. Many factors could cause actual future events to differ from the forward looking-statements in this document, including but not limited, to (i) the risk that the transaction may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the transaction, (iii) the inability to complete the PIPE offering, (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement , (v) the outcome of any legal proceedings that may be instituted against Rumble and/or CFVI related to the business combination agreement, (vi) the ability to maintain the listing of CFVI stock on Nasdaq (or, if applicable, to list and maintain the listing of the combined entity on the NYSE), (vii) costs related to the transactions and the failure to realize anticipated benefits of the transactions, (viii) the effect of the announcement or pendency of the transaction on Rumble’s business relationships, operating results, performance and business generally, (ix) changes in the combined capital structure of Rumble and CFVI following the transactions, (x) changes in laws and regulations affecting Rumble’s business, (xi) risks related to Rumble’s potential inability to achieve or maintain profitability and generate cash, (xii) the enforceability of Rumble’s intellectual property, including its patents and the potential infringement on the intellectual property rights of others, (xiii) the potential for and impact of cyber related attacks, events or issues effecting Rumble, its business and operations, and (xiv) other risks and uncertainties indicated from time to time in the filings of CFVI, including the definitive Registration Statement that CFVI will file, which will include a proxy statement/prospectus related to the potential business combination. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Rumble and CFVI assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Rumble nor CFVI gives any assurance that either Rumble or CFVI will achieve its expectations.
3
"Brazil's Joe Rogan" Monark & Left-Wing Activist Ferréz Cancel YouTube for Rumble
Source: PR Newswire (US)
The influential Brazilian podcaster "Monark" and left-wing activist "Ferréz" will exclusively stream on Rumble and Locals
LONGBOAT KEY, Fla., March 31, 2022 /PRNewswire/ -- Today, the video sharing platform Rumble announced that influential Brazilian podcast host Bruno Aiub, known as "Monark," and left-wing activist Reginaldo Ferreira da Silva, known as "Ferréz," will publish their shows exclusively on Rumble. Both creators will host their shows multiple times each week on Rumble and make Locals their exclusive communities to offer subscription-only benefits to their supporters. Like the Joe Rogan Experience, both shows will offer only short clips on YouTube and other streaming services as a promotion to encourage users to view the full shows on Rumble and Locals.
"Rapidly growing Big Tech censorship – overseen by U.S.-based corporations – is not something that affects only the US. Online censorship is now pervasive in Brazil and is still gaining strength. Given that Brazil is one of the largest and most online countries in the world, the union of the state, the judiciary and Big Tech monopolies are eager to control speech," said Bruno Aiub. "I'm very excited that a large and growing platform like Rumble is now ready to expand in Brazil, enabling journalists, commentators and content creators to speak freely and fight against censorship. As of now, Rumble will be the only platform in Brazil truly devoted to free discourse and free thought."
According to the New York Times, Monark is "Brazil's version of Joe Rogan," and "perhaps the nation's most popular podcaster. He broadcasts hours long interviews, often with divisive newsmakers" and he is one of Brazil's "most important interlocutors and most influential voices." An advocate of free speech, Monark is noted for his wide-ranging discussions with guests from all different walks of life. By some measures, his "Flow" podcast is the most-listened-to podcast in Brazil.
"Our causes and urgencies need their own media, if the story is ours, we should tell it." Said Reginaldo Ferrreira da Silva.
Ferréz is a Brazilian left-wing activist, author, poet and rapper. He is the leader of Literatura Marginal, or Marginal Literature, a movement that depicts daily life in the favelas of Brazil and others living on the margins of society.
"Adding Monark and Ferréz expands Rumble's reach into Brazil in an explosive and a neutral way," said Rumble CEO Chris Pavlovski ahead of the announcement. "Monark is one of the most popular podcasters in Brazil, and his fans will now be able to access him uncensored on Rumble and Locals. Ferréz is an influential left wing cultural figure who reaches a large, underserved audience."
Monark will launch his channel and live show on April 4th, 2022 and Ferréz will launch his channel and live show on April 8th, 2022.
You can find Monark's Rumble channel here: https://rumble.com/Monark
Rumble (CFVI) Signs Brazilian Podcaster Bruno Aiub
March 31, 2022 1:28 PM
Today, the video sharing platform Rumble, which is merging with SPAC CF Acquisition Corp. VI (NASDAQ: CFVI), announced that influential Brazilian podcast host Bruno Aiub, known as "Monark," and left-wing activist Reginaldo Ferreira da Silva, known as "Ferréz," will publish their shows exclusively on Rumble. Both creators will host their shows multiple times each week on Rumble and make Locals their exclusive communities to offer subscription-only benefits to their supporters. Like the Joe Rogan Experience, both shows will offer only short clips on YouTube and other streaming services as a promotion to encourage users to view the full shows on Rumble and Locals.
"Rapidly growing Big Tech censorship – overseen by U.S.-based corporations – is not something that affects only the US. Online censorship is now pervasive in Brazil and is still gaining strength. Given that Brazil is one of the largest and most online countries in the world, the union of the state, the judiciary and Big Tech monopolies are eager to control speech," said Bruno Aiub. "I'm very excited that a large and growing platform like Rumble is now ready to expand in Brazil, enabling journalists, commentators and content creators to speak freely and fight against censorship. As of now, Rumble will be the only platform in Brazil truly devoted to free discourse and free thought."
According to the New York Times, Monark is "Brazil's version of Joe Rogan," and "perhaps the nation's most popular podcaster. He broadcasts hours long interviews, often with divisive newsmakers" and he is one of Brazil's "most important interlocutors and most influential voices." An advocate of free speech, Monark is noted for his wide-ranging discussions with guests from all different walks of life. By some measures, his "Flow" podcast is the most-listened-to podcast in Brazil.
"Our causes and urgencies need their own media, if the story is ours, we should tell it." Said Reginaldo Ferrreira da Silva.
Ferréz is a Brazilian left-wing activist, author, poet and rapper. He is the leader of Literatura Marginal, or Marginal Literature, a movement that depicts daily life in the favelas of Brazil and others living on the margins of society.
"Adding Monark and Ferréz expands Rumble's reach into Brazil in an explosive and a neutral way," said Rumble CEO Chris Pavlovski ahead of the announcement. "Monark is one of the most popular podcasters in Brazil, and his fans will now be able to access him uncensored on Rumble and Locals. Ferréz is an influential left wing cultural figure who reaches a large, underserved audience."
Monark will launch his channel and live show on April 4th, 2022 and Ferréz will launch his channel and live show on April 8th, 2022.
You can find Monark's Rumble channel here: https://rumble.com/Monark
You can find Monark's Locals community here: https://monark.locals.com
You can find Ferréz's Rumble channel here: https://rumble.com/Ferrez
You can find Ferréz's Locals community
Joe Rogan on NEWSMAX coming on now.
A Breakthrough Could Be Imminent
Rumble’s possible connection with RT, the Russian state-controlled news network, might bother some investors. Others may choose not to own CFVI stock because it hosts some conservative-leaning content.
It’s perfectly fine to make your own decisions on these matters. However, if you’re focusing solely on the potential for user-base and revenue growth, Rumble could be a big winner — and shares of CF Acquisition Corp. VI are probably ready to break through $16 in the near future.
https://investorplace.com/2022/03/cfvi-stock-is-likely-to-hit-16-or-more-in-the-coming-months/
Cleveland-Cliffs to Announce First-Quarter 2022 Results on April 22
Source: Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2022 earnings results before the U.S. market open on Friday, April 22, 2022.
The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on April 22, 2022, at 10:00am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that address.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 26,000 people across its operations in the United States and Canada.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220331005241/en/
MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316
INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719
WILL HISTORY BE REVISITED???
CLF
MAY 2008 $108 PPS
JUNE 2008 $106 PPS
JULY 2008 $117 PPS
Nov 20, 2012 0.625 Dividend
Aug 13, 2012 0.625 Dividend
Apr 25, 2012 0.625 Dividend
Get ready.
From Newsmax - Russia: Beijing, Moscow Creating 'Democratic World Order' | Newsmax.com
Russia: Beijing, Moscow Creating 'Democratic World Order' | Newsmax
https://www.newsmax.com/newsfront/democratic-world-order-propaganda-disinformation/2022/03/30/id/1063588/?dkt_nbr=6F1212ejuixs
Cleveland Cavaliers and Cleveland-Cliffs Expand Partnership, Announce Cliffs Jersey Patch on Cavs Jersey
March 29, 2022 3:05pm EDT
Multi-Year Agreement Starts for 2022-23 NBA Season
CLEVELAND--(BUSINESS WIRE)--
The NBA Cleveland Cavaliers and Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”), the largest flat-rolled steel producer in North America, today announced an expansion of their existing multi-year marketing agreement to put the Cliffs logo on the Cavs player uniforms beginning with the 2022-23 season. The announcement was made today inside the Cliffs entrance of Rocket Mortgage FieldHouse in downtown Cleveland
https://www.clevelandcliffs.com/news/news-releases/detail/545/cleveland-cavaliers-and-cleveland-cliffs-expand
https://www.nytimes.com/2022/03/28/business/media/rumble-social-media-conservatives-videos.htm
Rumble, the Right’s Go-To Video Site, Has Much Bigger Ambitions
The company, supported by Donald Trump, Peter Thiel and other prominent conservatives, wants to help build a “new internet” independent from Silicon Valley’s titans.
You won’t find Red Pill News or the X22 Report on YouTube anymore. The far-right online shows were taken down in the fall of 2020 after the major social media and tech companies started purging accounts that spread the QAnon conspiracy theory.
But you will find both of them on a video-sharing platform called Rumble, where their content ranks among the most popular on the site.
Over the last week, as Republicans opened a misleading attack on Judge Ketanji Brown Jackson as too lenient with criminals who sexually abuse children, Red Pill News and the X22 Report posted videos claiming that her nomination to the Supreme Court by President Biden was all the proof anyone needed that a cabal of pedophiles operated at the highest levels of the government, a belief QAnon adherents hold.
Wrong stock. Sorry. Please remove
CF Acquisition’s Rumble Adds Big-Name Content
3/22/2022 7:45am EDT
By Will Ashworth, InvestorPlace Contributor
My InvestorPlace colleague, Larry Ramer, is a buyer of CF Acquisition Corp. VI (NASDAQ:CFVI) and CFVI stock.
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Source: T. Schneider / Shutterstock.com
In my opinion, Ramer wisely dumped his Digital World Acquisition Corp. (NASDAQ:DWAC) shares. In his most recent Mar. 3 article about the special purpose acquisition (SPAC) merging with Trump Media and Technology Group (TMTG), he argued that it was an excellent time to take profits on DWAC stock. But, more importantly, Ramer sold out of DWAC and now holds shares in CFVI.
For those unfamiliar with CFVI, it is the SPAC that has agreed to merge with Rumble, the cousin to YouTube. Like DWAC, Larry believes that Rumble’s lack of censorship will drive significant amounts of content creators and viewers its way.
On Mar. 16, Rumble announced the addition of 15 major content creators across non-political categories. While this ought to be good news for CFVI stock, I won’t be buying it anytime soon.
Here’s why.
CFVI Stock and Cantor Fitzgerald’s Track Record
In my last article about CFVI, I called it a loser, suggesting that Rumble is riding former U.S. President Donald Trump’s coattails. Worse still, Cantor Fitzgerald, the people behind CF Acquisition VI, has a terrible track record with SPACs.
Rumble won’t be its opportunity to boost its mediocre SPAC performance. Here is what I had to say about Cantor Fitzgerald:
“Of the eight SPACs sponsored by Cantor Fitzgerald affiliates, four have found targets and have merged, while CFVI is in the middle of combining with Rumble. Three of its SPACs (IV, VII, and VIII), which have $850 million in cash to bring into potential mergers, have been shut out. The worst part about Cantor Fitzgerald’s record is that the stocks of the four that have found merger partners are down an average of 62%.”
There are SPAC sponsors that have added value to their merger partners. I’m not sure precisely what Cantor Fitzgerald brings to the party except money and ego. But forget for a moment that Cantor Fitzerald has arguably destroyed more than a billion dollars in shareholder value through its eight SPACs.
What do Cantor Fitzgerald and Ramer see that I don’t? Let’s consider the possibilities.
Rumble Is Adding Content
As I said in the introduction, Rumble announced it has added 15 content creators with a combined total of more than 20 million subscribers.
The top creator it added is PsycheTruth, with 4.01 million subscribers. It is a health and wellness site. However, the one that caught my attention because of the name is The Hillybilly Kitchen. It has 610,000 subscribers and looks well produced.
Aside from this, I have two problems with Rumble’s announcement.
First, it would be one thing if The Hillbilly Kitchen were ditching YouTube for Rumble. But given that YouTube has more than two billion users watching more than a billion hours of content each day, I highly doubt The Hillbilly Kitchen would cut off their nose to spite their face.
As soon as YouTube feels it has something to lose by content creators bolting for alternative platforms such as Rumble, it will tilt the deal it gives The Hillbilly Kitchen back in their favor so they don’t run away.
In the fourth quarter, YouTube generated $8.63 billion in revenue from ads alone. In 2021, Alphabet (NASDAQ:GOOG,NASDAQ;GOOGL), the parent organization of Youtube, hit revenue of over $200 billion annually for the first time.
Rumble can’t win a fight against YouTube. Offering a censor-free site for content creators might convince The Hillbilly Kitchen that it is an excellent way to grow its audience. But as soon as they realize censor-free is code for angry people looking for a place to vent, they’ll drop Rumble like a hot potato.
The second problem I have isn’t about Rumble’s announcement, but my wonderment at how so many people have nothing better to do than watch the modern version of TV all day. It is truly mind-blowing to me.
The Bottom Line on CFVI Stock
My colleague’s article about CFVI had a reference to Rumble’s estimate about its potential revenue. He wrote:
“Rumble estimates that if its audience becomes 18% as large as that of YouTube and its average revenue per user is 57%, as large as YouTube, its annual revenue would come in at $1.4 billion. I believe that by attracting star contributors, along with many American conservative and maverick consumers, the company can attain those metrics within two or three years.”
By Rumble’s numbers, YouTube has 222 million monthly active users in the U.S. (100/18%*40 million). That means YouTube has more than 1.7 billion users outside of the U.S.
Is it possible for YouTube to continue growing its U.S. audience? Absolutely. That is why Rumble’s estimates are so unbelievable.
Every startup investor has those what-if scenarios in their investor decks. If I get 1% of the U.S. dog food market, I’ll have “X” revenue. Unfortunately, it doesn’t work that way. You’ve got to build your projections from the bottom up, not top-down.
My colleague is fascinated with this anti-censor movement. However, as we see what is happening in Eastern Europe, when push comes to shove, most corporations don’t want to be associated with maniacs. It is terrible for the brand and isn’t good for business.
For this reason, I believe Rumble is YouTube’s not-as-good cousin. It is one to be avoided at all costs.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
Sponsored Headlines
Russia state media turn to Rumble to get out their word
The far-right video sharing outlet has become a last refuge of sorts for Sputnik podcasts.
Russian President Vladimir Putin is pictured at an event. | Matthew Stockman/Getty Images
By HAILEY FUCHS
03/24/2022 05:15 PM EDT
Forced off mainstream platforms, a number of radio shows associated with Russian state-run media have found a welcome home on Rumble, the video-sharing platform favored by conservatives and the far right.
Over the past few weeks, four shows on Sputnik, a news agency and radio broadcaster controlled by the Russian state media group Rossiya Segodnya, began broadcasting on Rumble, which has become popular with the far right and Donald Trump-supporting crowd. Their adoption of the venue has come following Russia’s invasion of Ukraine, after which platforms like Google and DirecTV booted Russian programming off their services.
The moves underscore how the far right and self-professed open speech sites continue to provide havens for Russian state information. But it also illustrates how limited the reach of those news sources has become in the wake of the Ukraine invasion as they face dissent from within their own ranks over the war.
Rumble reported 36 million average monthly users in the third quarter of 2021, a number massively dwarfed by YouTube. Used by the likes of Steve Bannon and — albeit infrequently — former President Trump, Rumble has taken on the posture of an anti-cancel-culture YouTube. The company boasts a “mission to protect a free and open internet.” But it’s become a home for far-right conspiracy theories and conservatives booted from mainstream sites. Rumble did not return a request for comment.
At least four Sputnik shows —“Fault Lines,” “Political Misfits,” “By Any Means Necessary” and “The Backstory” — appeared to begin posting their content on Rumble on March 14, around the time that Google moved to ban Sputnik. As of mid-March, “Fault Lines” was booted from YouTube. The show’s Twitter account told followers, “Fault Lines has been banned by Big Tech, but that won’t stop us.” It included a link to its Rumble page. In what appears to be its first video on the site, one of the show’s hosts, Jamarl Thomas, explained to listeners that the programming was in need of a new home.
“As you guys know who are waiting for the YouTube feed to take place, Sputnik has been taken off of YouTube, not just in Europe at this point but also in America,” Thomas said. “We’re trying to find other means to basically give you guys the show: um, Rumble and some of the other apps. We’re also thinking about doing the show, um, basically unlisted and sending the link out to our various supporters either on Patreon or otherwise.”
The Sputnik shows push criticism of mainstream Western media and government, especially around the war in Ukraine. The hosts of “Fault Lines” have questioned President Joe Biden’s description of Russian President Vladimir Putin as a “war criminal,” disparaged media coverage of the ongoing conflict, and defended Russia’s decision to invade Ukraine. On the show “By Any Means Necessary” streamed on March 14, hosts claimed the U.S. was the true “aggressor,” bemoaned the “anti-Putin hysteria,” and suggested the U.S., in fact, wanted Russia to invade Ukraine to sway public opinion in favor of America and the West.
In one episode that aired prior to the expulsion from YouTube, John Kiriakou, a host of “Political Misfits” and a former CIA officer convicted of leaking info to the media, warned listeners and viewers that if the show was ever booted off of the platform, they would be able to find the show on Rumble.
“Political Misfits” and “By Any Means Necessary” continued to maintain YouTube channels, despite the fact that Sputnik had been banned by the platform. However, after this reporter approached Google, which owns YouTube, about their accounts, a YouTube spokesperson said that it had blocked both of their channels.
Later in the day, the “By Any Means Necessary” show tweeted out a screenshot of its blocked account, saying, “This is what ‘democracy’ looks like in the US, folks,” and linking to its Rumble page. The account added, “No matter how hard they try to silence us, we’ll keep on rockin, and #TruthWillWin!”
“The Backstory” remains on YouTube as of Thursday afternoon. A YouTube spokesperson did not immediately respond to a request for comment.
The producer of the four shows is a limited liability company known as Ghebi. According to filings under the U.S. Foreign Agents Registration Act, Ghebi has reported payments for services of about $2.7 million from the Russian state media group Rossiya Segodnya, along with $3.8 million in expenses. The four shows air on Radio Sputnik and are featured on SputnikNews.com. In its registration with the Department of Justice, Ghebi said it has “independent editorial control over its production.”
Though they remain active on Twitter, the platform has said it would reduce Russian-state media content’s visibility and identified each of the shows as “Russia state-affiliated media.” But on Rumble, no such disclaimer exists. The platform also continues to host RT News, including a live feed that the website claims is concurrently watched by thousands. In a statement, RT deputy editor in chief Anna Belkina vowed that the news organization would “continue to deliver our content to millions of viewers and readers around the world that want it, via the platforms available to us.”
“These bans are quintessential corporate censorship in cahoots with the government’s political agenda; our voice is being blocked not for what we say but for who we are,” the statement read.
As of Wednesday, Sputnik also continued to operate a page on the podcast platform Simplecast, which is owned by SiriusXM. However, when approached by POLITICO, Simplecast also removed Sputnik’s programming.
“As soon as the Simplecast team was informed of Sputnik’s use of the company’s hosting services, the decision was made to immediately remove all related content, RSS feed, and accounts associated with the organization,” a company spokesperson said in a statement. “Any digital content referenced inside that feed was also purged.”
https://www.politico.com/news/2022/03/24/russia-state-media-rumble-00020184
Cleveland-Cliffs (NYSE:CLF) Price Target Increased to $44.00 by Analysts at JPMorgan Chase & Co.
Posted on Tuesday, March 22nd, 2022 by MarketBeat
Cleveland-Cliffs (NYSE:CLF - Get Rating) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $37.00 to $44.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the mining company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 50.89% from the company's current price.
Cleveland-Cliffs rockets higher as Russia-Ukraine war hits steel supply
Mar. 24, 2022 12:57 PM ETCleveland-Cliffs Inc. (CLF)STLD, CMC, STZHFBy: Carl Surran, SA News Editor22 Comments
Taitai6769/iStock via Getty Images
Cleveland-Cliffs (NYSE:CLF +10.2%) surges to its highest level in nearly nine years, maintaining its steady climb in recent weeks as Russia's war on Ukraine hits global steel supplies.
J.P. Morgan names Cleveland-Cliffs as its top pick in the steel sector, as reported by Barron's, with analyst Michael Glick saying Russia's invasion "nearly instantly set off a butterfly effect across the steel markets," with the impact only beginning to be felt in North America.
While Glick also issues Overweight ratings for other steel names including Commercial Metals (CMC +4.3%), Steel Dynamics (STLD +2.0%) and Stelco (OTCPK:STZHF +6.7%), Cleveland-Cliffs is his favorite because it is "long raw materials via its iron ore assets, pellets with excess capacity, [hot-briquetted iron] plant, scrap business and also has key steelmaking assets for the automotive industry."
JPM raises its steel price forecasts to an average of ~$1,500/ton for the rest of the year and to ~$1,300/ton for 2023, and still sees broad upside for the group, noting that "in prior cycles, you historically want to own the stocks up until the last few price hikes."
Cleveland-Cliffs is the largest supplier of steel to the U.S. auto sector by a wide margin, and CEO Lourenco Goncalves believes the company is primed to benefit from an eventual auto industry recovery.
Now Read: Cleveland-Cliffs to fully redeem its 9.875% senior secured notes due 2025 next month
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Inside the IBD 50, steel producer Cleveland-Cliffs (CLF) hit another new high, rising 3.5%. A breakout from a double-bottom base has worked nicely — so much so that CLF stock just triggered the eight-week hold rule. Steel stocks were generally higher, with the steel producer group up more than 2%
https://www.investors.com/market-trend/stock-market-today/dow-jones-drops-300-points-apple-stock-shows-strength-tesla-jumps-above-1000/
Cleveland-Cliffs (NYSE:CLF) Stock Price Up 3.9% Following Analyst Upgrade
https://www.marketbeat.com/instant-alerts/nyse-clf-percent-advance-2022-03-2-3/
Metals stocks were big performers. Steelmaker Cleveland-Cliffs (CLF) made a new high. Nucor (NUE) shot up 5%, although last week it warned of weakening steel prices. Steel Dynamics (STLD) reached profit-taking range as it gained another 2% Monday morning. U.S. Steel (X) soared 5%.
https://www.investors.com/market-trend/stock-market-today/stock-market-trades-mixed-defense-metals-oil-stocks-lead-gains/
The Goldman Sachs Group Increases Cleveland-Cliffs (NYSE:CLF) Price Target to $31.00
https://www.marketbeat.com/instant-alerts/nyse-clf-a-buy-or-sell-right-now-2022-03-2-3/
Cellectar Biosciences GAAP EPS of -$0.43 beats by $0.01
Source: Seeking Alpha
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Cleveland-Cliffs to Fully Redeem its 9.875% Senior Secured Notes due 2025
Mon, March 21, 2022, 7:00 AM·8 min read
In this article:
CLF
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CLEVELAND, March 21, 2022--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has instructed the trustee to provide notice of redemption for the entirety of its remaining $607 million aggregate principal amount of outstanding 9.875% Senior Secured Notes due October 2025. Pursuant to the terms of the Notes and the Indenture governing the Notes, the Company expects the total payment to holders of the Notes including the redemption premium to be approximately $677 million, plus accrued and unpaid interest, if any, to, but not including, the redemption date, which is expected to be on April 20, 2022. The Notes will be redeemed with available liquidity. The cash interest associated with these notes is approximately $60 million per year.
Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer said, "With expectations for our free cash flow generation continuing to rise, our top priority for the use of this cash remains the reduction in debt. This redemption is an important accomplishment for our deleveraging goals, removing our highest-coupon and nearest dated major debt tranche that was issued during the peak of pandemic uncertainty. We will have significantly lower interest expenses as a result."
This release is for informational purposes only and is neither an offer to buy nor a solicitation to sell any of the Notes. The foregoing does not constitute a notice of redemption under the Indenture governing the Notes and is qualified in its entirety by the redemption notice that will be distributed to the holders of the Notes. A notice of redemption setting forth the redemption procedures will be provided to registered holders of the Notes by The Depository Trust Company.
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About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 26,000 people across its operations in the United States and Canada.
Forward-Looking Statements
This release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements other than historical facts, including, without limitation, statements regarding our current expectations, estimates and projections about our industry or our businesses, are forward-looking statements. We caution investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements. Among the risks and uncertainties that could cause actual results to differ from those described in forward-looking statements are the following: disruptions to our operations relating to the ongoing COVID-19 pandemic, including the heightened risk that a significant portion of our workforce or on-site contractors may suffer illness or otherwise be unable to perform their ordinary work functions; continued volatility of steel, iron ore and scrap metal market prices, which directly and indirectly impact the prices of the products that we sell to our customers; uncertainties associated with the highly competitive and cyclical steel industry and our reliance on the demand for steel from the automotive industry, which has been experiencing a trend toward light weighting and supply chain disruptions, such as the semiconductor shortage, that could result in lower steel volumes being consumed; potential weaknesses and uncertainties in global economic conditions, excess global steelmaking capacity, oversupply of iron ore, prevalence of steel imports and reduced market demand, including as a result of the prolonged COVID-19 pandemic; severe financial hardship, bankruptcy, temporary or permanent shutdowns or operational challenges, due to the ongoing COVID-19 pandemic or otherwise, of one or more of our major customers, including customers in the automotive market, key suppliers or contractors, which, among other adverse effects, could lead to reduced demand for our products, increased difficulty collecting receivables, and customers and/or suppliers asserting force majeure or other reasons for not performing their contractual obligations to us; risks related to U.S. government actions with respect to Section 232 of the Trade Expansion Act of 1962 (as amended by the Trade Act of 1974), the United States-Mexico-Canada Agreement and/or other trade agreements, tariffs, treaties or policies, as well as the uncertainty of obtaining and maintaining effective antidumping and countervailing duty orders to counteract the harmful effects of unfairly traded imports; impacts of existing and increasing governmental regulation, including potential environmental regulations relating to climate change and carbon emissions, and related costs and liabilities, including failure to receive or maintain required operating and environmental permits, approvals, modifications or other authorizations of, or from, any governmental or regulatory authority and costs related to implementing improvements to ensure compliance with regulatory changes, including potential financial assurance requirements; potential impacts to the environment or exposure to hazardous substances resulting from our operations; our ability to maintain adequate liquidity, our level of indebtedness and the availability of capital could limit our financial flexibility and cash flow necessary to fund working capital, planned capital expenditures, acquisitions, and other general corporate purposes or ongoing needs of our business; our ability to reduce our indebtedness or return capital to shareholders within the currently expected timeframes or at all; adverse changes in credit ratings, interest rates, foreign currency rates and tax laws; the outcome of, and costs incurred in connection with, lawsuits, claims, arbitrations or governmental proceedings relating to commercial and business disputes, environmental matters, government investigations, occupational or personal injury claims, property damage, labor and employment matters, or suits involving legacy operations and other matters; supply chain disruptions or changes in the cost or quality of energy sources, including electricity, natural gas and diesel fuel, or critical raw materials and supplies, including iron ore, industrial gases, graphite electrodes, scrap metal, chrome, zinc, coke and metallurgical coal; problems or disruptions associated with transporting products to our customers, moving manufacturing inputs or products internally among our facilities, or suppliers transporting raw materials to us; uncertainties associated with natural or human-caused disasters, adverse weather conditions, unanticipated geological conditions, critical equipment failures, infectious disease outbreaks, tailings dam failures and other unexpected events; disruptions in, or failures of, our information technology systems, including those related to cybersecurity; liabilities and costs arising in connection with any business decisions to temporarily idle or permanently close an operating facility or mine, which could adversely impact the carrying value of associated assets and give rise to impairment charges or closure and reclamation obligations, as well as uncertainties associated with restarting any previously idled operating facility or mine; our ability to realize the anticipated synergies and benefits of our recent acquisition transactions and to successfully integrate the acquired businesses into our existing businesses, including uncertainties associated with maintaining relationships with customers, vendors and employees and known and unknown liabilities we assumed in connection with the acquisitions; our level of self-insurance and our ability to obtain sufficient third-party insurance to adequately cover potential adverse events and business risks; challenges to maintaining our social license to operate with our stakeholders, including the impacts of our operations on local communities, reputational impacts of operating in a carbon-intensive industry that produces greenhouse gas emissions, and our ability to foster a consistent operational and safety track record; our ability to successfully identify and consummate any strategic capital investments or development projects, cost-effectively achieve planned production rates or levels, and diversify our product mix and add new customers; our actual economic mineral reserves or reductions in current mineral reserve estimates, and any title defect or loss of any lease, license, easement or other possessory interest for any mining property; availability of workers to fill critical operational positions and potential labor shortages caused by the ongoing COVID-19 pandemic, as well as our ability to attract, hire, develop and retain key personnel; our ability to maintain satisfactory labor relations with unions and employees; unanticipated or higher costs associated with pension and other postretirement benefit obligations resulting from changes in the value of plan assets or contribution increases required for unfunded obligations; the amount and timing of any repurchases of our common shares; and potential significant deficiencies or material weaknesses in our internal control over financial reporting. The Company undertakes no obligation to publicly update forward-looking statements, whether as a result of more information, future events or otherwise.
For additional factors affecting the business of Cliffs, refer to Part I – Item 1A. Risk Factors of our Annual Report on Form 10-K for the year ended December 31, 2021, and other filings with the U.S. Securities and Exchange Commission.
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The royalties of the Trust are in question because Cleveland-Cliffs (CLF) is going to idle all operations at Northshore Mining due to the "ridiculous royalty structure we have in place with the Mesabi Trust." CLF is moving its production to another site altogether and they have not engaged in meaningful dialogue about the royalty structure which suggests a pretty bleak outlook for the trust in the near future.
As we sell these shares I usually peruse my watch lists to see if there are any stocks not currently held that would be worthwhile. This usually happens when the existing portfolio holdings appear fully valued or there is a full position associated with a particular investment.
https://seekingalpha.com/article/4496607-three-dividend-paying-industrials-near-52-week-lows
Brokerages Anticipate Cleveland-Cliffs Inc. (NYSE:CLF) Will Post Quarterly Sales of $5.72 Billion
FRIDAY, MARCH 18, 2022 | MARKETBEAT
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?Brokerages forecast that Cleveland-Cliffs Inc. (NYSE:CLF - Get Rating) will report $5.72 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cleveland-Cliffs' earnings, with the highest sales estimate coming in at $6.67 billion and the lowest estimate coming in at $5.20 billion. Cleveland-Cliffs reported sales of $4.05 billion in the same quarter last year, which would suggest a positive year over year growth rate of 41.2%. The company is scheduled to report its next earnings results on Thursday, April 28th.
Cleveland-Cliffs Rallies After Announcing Scrap Metal Acquisition
According to Zacks, analysts expect that Cleveland-Cliffs will report full-year sales of $21.57 billion for the current year, with estimates ranging from $20.31 billion to $22.93 billion. For the next year, analysts expect that the company will post sales of $17.81 billion, with estimates ranging from $16.71 billion to $19.75 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research analysts that follow Cleveland-Cliffs.
Cleveland-Cliffs (NYSE:CLF - Get Rating) last released its quarterly earnings results on Friday, February 11th. The mining company reported $1.78 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.03 by ($0.25). Cleveland-Cliffs had a return on equity of 80.10% and a net margin of 14.62%. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the firm earned $0.24 earnings per share. The business's revenue was up 137.0% compared to the same quarter last year.
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Cleveland Cliffs Stock is a Steel Play
Several equities analysts recently commented on the company. TheStreet lowered Cleveland-Cliffs from a "b-" rating to a "c+" rating in a research note on Tuesday, March 1st. Morgan Stanley upped their target price on Cleveland-Cliffs from $22.50 to $23.50 and gave the company an "equal weight" rating in a research note on Monday, November 29th. Zacks Investment Research upgraded Cleveland-Cliffs from a "hold" rating to a "strong-buy" rating and set a $25.00 target price for the company in a research note on Tuesday, January 4th. Finally, Wolfe Research lowered Cleveland-Cliffs from an "outperform" rating to a "peer perform" rating and set a $23.00 target price for the company. in a research note on Tuesday, January 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cleveland-Cliffs has a consensus rating of "Buy" and an average target price of $26.73.
NYSE CLF opened at $27.45 on Friday. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 5.06 and a beta of 2.09. The business has a fifty day moving average of $21.08 and a 200-day moving average of $21.52. Cleveland-Cliffs has a fifty-two week low of $14.01 and a fifty-two week high of $27.79. The company has a quick ratio of 0.69, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.
Several hedge funds and other institutional investors have recently modified their holdings of CLF. Pekin Hardy Strauss Inc. boosted its holdings in Cleveland-Cliffs by 2.1% in the third quarter. Pekin Hardy Strauss Inc. now owns 23,800 shares of the mining company's stock valued at $471,000 after purchasing an additional 500 shares during the last quarter. Veritable L.P. boosted its holdings in Cleveland-Cliffs by 5.2% in the third quarter. Veritable L.P. now owns 10,399 shares of the mining company's stock valued at $206,000 after purchasing an additional 518 shares during the last quarter. Commerce Bank boosted its holdings in Cleveland-Cliffs by 2.7% in the fourth quarter. Commerce Bank now owns 21,728 shares of the mining company's stock valued at $473,000 after purchasing an additional 567 shares during the last quarter. M&T Bank Corp boosted its holdings in Cleveland-Cliffs by 4.4% in the fourth quarter. M&T Bank Corp now owns 14,075 shares of the mining company's stock valued at $306,000 after purchasing an additional 599 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in Cleveland-Cliffs by 6.1% in the third quarter. Capital Investment Advisory Services LLC now owns 10,800 shares of the mining company's stock valued at $214,000 after purchasing an additional 625 shares during the last quarter. 59.73% of the stock is owned by institutional investors.
About Cleveland-Cliffs (Get Rating)
Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.
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Rumble Announces Addition of 15 Major Creators Across Non-Political Content Categories
Source: PR Newswire (US)
New Channels Add an Audience of More than 20 Million Subscribers from Other Platforms to Rumble's Fast-Growing User Base
TORONTO, March 16, 2022 /PRNewswire/ -- Today, the neutral video platform Rumble announced that 15 influential creators from a wide variety of content categories have created channels on the platform. These channels have a combined audience of more than 20 million subscribers on YouTube in science, health, do-it-yourself, lifestyle, and other categories of content.
The lineup of new creators on Rumble includes:1 PsycheTruth with 4.01 million subscribers, The S with 3.64 million subscribers, Chubbyemu with 2.48 million subscribers, Ben Uyeda (also known as Home Made Modern) with 1.52 million subscribers, Bright Insight with 1.29 million subscribers, ND - Woodworking Art with 1.21 million subscribers, Mr Scientific with 1.10 million subscribers, Barbarian Body with 925,000 subscribers, Debunked with 742,000 subscribers, Shaun Attwood with 684,000 subscribers, Mr. Build It with 651,000 subscribers, Rock Feed with 650,000 subscribers, The Hillbilly Kitchen with 610,000 subscribers, Homesteadonomics with 517,000 subscribers, Engineer Man with 499,000 subscribers, and Mr. Beat with 490,000 subscribers.
"Rumble was always intended to be in fierce competition with other platforms, and as part of that competition, our community has demanded a wide range of content," said Rumble CEO Chris Pavlovski. "Whether for health, lifestyle, sports, or any other content category, Rumble is one of the top high-growth platforms for creators to reach new audiences and expand their influence."
Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble's mission is to restore the Internet to its roots by making it free and open once again. Additionally, the company announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI). See the announcement here: https://corp.rumble.com
1 All statistics refer to number of subscribers reported by YouTube on March 15, 2022
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