Rumble Inc (RUM)

[abracky]

Other Developments to Consider

Meanwhile, there are other developments in progress. First of all, Rumble recently released its user-engagement statistics for December 2021 to January 2022. Prospective investors should be impressed with the data points:

19% growth in monthly active users

27% increase in minutes watched

14% rise in daily hours of uploaded video content

Second, Rumble is apparently expanding its business model. Specifically, the company has taken a stake in a payment-processing company called Parallel Economy.
According to the press release, Rumble will make Parallel Economy its preferred payment processor. Rumble CEO Chris Pavlovski emphasized not only the fiscal implications, but also the free-speech angle with the Parallel deal.
“With Parallel Economy, creators won’t have to worry about arbitrary cancellation. Giving creators financial security is a critical part of Rumble’s mission to protect a free and open Internet,” Pavlovski said.

The Bottom Line

Clearly, there’s a lot for investors to unpack when it comes to CFVI stock. Among other things, there are political and First Amendment issues to consider.
And even as Rogan turned down Rumble’s offer, there are other reasons to lean bullish, including the company’s impressive user-engagement stats and the deal with Parallel Economy.
Therefore, CFVI stock may be worthy of a small allocation, as long as you appreciate the risks involved.
On the date of publication, David Moadel 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.