Shares of Rumble Inc. fell after hours on Monday after the right-wing social-media and video platform reported a bigger first-quarter loss than expected and...
Shares of Rumble Inc. RUM fell after hours on Monday after the right-wing social-media and video platform reported a bigger first-quarter loss than expected and a drop-off in engagement from the fourth quarter, when the U.S. midterm elections drove greater site activity. Rumble also said that it acquired Callin, a podcasting and live-streaming platform founded by tech entrepreneur and former PayPal chief operating officer David Sacks, and said Sacks would join its board of directors next month.
midterm elections drove greater site activity. Rumble also said that it acquired Callin, a podcasting and live-streaming platform founded by tech entrepreneur and former PayPal chief operating officer David Sacks, and said Sacks would join its board of directors next month. Rumble reported a first-quarter net loss of $28.7 million, or 14 cents a share, compared with $3.9 million, or 2 cents a share, in the same quarter last year. Revenue increased more than four-fold to $17.6 million.
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