Earlier this month, Rumble announced its plans to go public as the company looks to expand its video hosting platform. Rumble will go public via a merger with Cantor Fitzgerald’s SPAC CFVI. The timing of the merger follows the growing interest in Trump SPAC DWAC. DWAC plan to take Trump Media’s Truth Social Public.
Both CFVI and DWAC have seen high levels of investors interest, counteracting a sluggish year for the majority of the SPAC market.
Yesterday Trump Media announced a partnership with Rumble, CFVI’s merger target. In this article we will discuss the links between Rumble and Trump Media, and its impact on CFVI Stock over the coming weeks.
Cantor Fitzgerald CEO highlights important partnership between Rumble and DWAC
In an interview with Bloomberg, Cantor Fitzgerald CEO Howard Lutnick discussed the firms recent partnership with Rumble. Lutnick is upbeat on Rumble, highlighting the companies neutral network as a key advantage against competitors such as Youtube.
The CEO also confirmed the link between Rumble and Trump Media, who plan to go public via SPAC stock DWAC. Lutwick noted that Trump Media will use Rumble Services for Cloud Service Distribution, opening up a revenue opportunity for Rumble. Following the official partnership announcement yesterday, CFVI stock has sky rocketed pre market by 16%.
“Rumble is excited to provide technology and cloud services to TMTG. We continue to build the infrastructure to deliver a free, open, and neutral internet. Rumble was designed to be immune to cancel culture, and we are at the forefront of a movement that believes everyone benefits from access to a neutral platform that hosts diverse ideas and opinions.”Chris Pavlovski, the Founder and Chief Executive Officer of Rumble
CFVI Stock: Trump Revives The SPAC Market
Donald Trump’s empire and stint as the 45th US President has amassed him a wealth of followers. Since the DWAC merger announcement, DWAC stock has maintained bullish momentum which is rarely seen in SPAC stocks in todays market.
DWAC stock has sky rocketed since it landed the merger deal with Trump Media, currently trading 398% higher than its initial PIPE offering price of $10.
As we noted in a previous article on DWAC Stock, the Trump factor has spurred on a SPAC rally not seen since March this year. Trump made a statement yesterday regarding the Rumble partnership, highlighting Rumble’s importance in establishing the TMTG infrastructure for Truth Social.
“As part of our mission, TMTG continues to align with service providers who do not discriminate against political ideology. Therefore, I have selected the Rumble Cloud to serve as a critical backbone for TMTG infrastructure. TMTG has already launched Truth Social on the Rumble Cloud for invited guests only, and the initial Beta launch has been excellent. America is ready for TRUTH Social, and the end to cancel culture.”President Donald J. Trump, Chairman of TMTG
The Connection Between Rumble and Trump Media
As highlighted by Cantor Fitzgerald CEO Howard Lutnick, Trump Media and Rumble have arranged a partnership for Cloud Service Distribution.
The benefit for CFVI shareholders is the partnership will generate revenues for Rumble while also driving stronger investor interest. The connection between both companies makes complete sense as Trump has long called for changes in censorship across media platforms.
CFVI stock is currently trading 16% higher pre-market, following the partenrship announcement between Rumble and Trump Media.
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