At first, this connection provided not much of a boost for CFVI stock. Unfortunately, the rising tide of Trump’s SPAC only helped it briefly. YouTube is a large brand and understandably, it is valuable to advertisers. However, considering the $5.28 rate, that will give the company estimated revenue of $2.79 billion, which is not too shabby for a developing company. Rumble’s main competition is YouTube, which has 2.3 billion users worldwide as of 2021 and generated $28.8 billion in revenue last year.

1. Among other things, the platform could use this platform to attract and retain more talent for its site.
2. The Trump trades have been a fascinating phenomenon to watch play out, and they are far from over.
3. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
4. CF Acquisition is slated to convene a special meeting of shareholders to approve the “business combination” of itself with Rumble tomorrow, Sept. 15, at 10 a.m.

That’s in contrast to similar sites like Alphabet’s YouTube, which has been accused by some of curtailing content. To submit resources for inclusion in the hub, please email , attaching your resource and marking the subject box – CFVI resource(s). Rumble does seem to have some real momentum, with 36 million active monthly users. It trades at a $462 million market cap, and CF Acquisition is valuing Rumble at a $2.1 billion enterprise value. So there may indeed be some potential upside, but any big swings linked to Trump will likely come with volatility as well, so invest with caution and keep an eye on the valuation. Blank check companies linked to Trump seem pretty volatile right now.

While it has been a tough season for both companies, DWAC has fallen more than 40% in the last month. These companies are frequently lumped in together as the two big “Trump trades,” but that doesn’t mean their utility is the same. One partnered with a platform that has demonstrated growth potential. Rumble saw its monthly active user count increase by 22% in the first quarter; Truth Social has watched downloads plunge by 93% since launch. On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article.

CF Acquisition Corp. Can Deliver Solid Returns as Rumble Merger Approaches

Rumble’s connections with Trump, and his own online media SPAC deal were the main driver of its big rally back in February. These connections have also played a role in its pull back in price since then. However, don’t base your decision to buy or not based on these connections. Although the company’s latest communication was a reminder and not a revelation, it’s reinforcing the impression that Rumble is determined to push through that merger in order to become a proper publicly traded company. All resources are freely available, however, to download a resource you will need to sign in with your RNIB Bookshare log in details,  join RNIB  Bookshare.

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Republicans are more likely than Democrats to think that major tech corporations may present liberal ideas over conservative ones. In SPAC arrangements, investors have the right to withdraw or redeem their money before they vote on the merger. Investors who want out redeem their shares at the listing price, which in this case is $10. Therefore, buying a SPAC stock below $10 offers an arbitrage opportunity if the deal falls through and the stock has to be redeemed.

Rumble SPAC Merger: 9 Things to Know About the YouTube Competitor as CFVI Stock Surges

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. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

CFVI Resource Hub

If you require an alternative format please email , marking the subject box – CFVI resource(s). Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Meta Platforms, Inc., and Twitter. While the platform does have a huge number of users, I think the jury is also still out on the sustainability of these alternative social media platforms, and the valuation is still high, so I will personally be avoiding the stock for now. The other big news is that the controversial content creator Andrew Tate, who had a massive following on several mainstream social media platforms, is now joining Rumble after being banned from many of those mainstream sites.

Cf Acquisition Corp. VI (NASDAQ: CFVI)

It would help if you looked to trim your holdings around that time. Beyond that, Rumble has an interesting business model that has the potential to morph into something powerful. According to a 2020 poll from Pew Research Center, most Americans believe that social media companies censor political views.

On the date of publication, Louis Navellier had a long position in GOOG. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Given the perception that YouTube engages in political censorship, Rumble will likely continue to report strong user growth and user coinspot review engagement numbers. Just in the quarter ending March 31 alone, Monthly Active Users (MAUs) were up 22% quarter-over-quarter. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. CF Acquisition is slated to convene a special meeting of shareholders to approve the “business combination” of itself with Rumble tomorrow, Sept. 15, at 10 a.m.

Part of that has to do with the company’s association with conservative politicians and media figures, most notably former President Donald Trump. When he started posting videos on the platform, it generated a healthy number of views, leading to more pundits from the right-leaning and libertarian viewpoints on the platform. Rumble saw a sharp spike in users from 1.6 million to 36 million in one year from Q3’20 to Q3’21, a 2,150% jump. The cumulative volume index is a breadth indicator that shows the direction of a market or index, such as the New York Stock Exchange or S&P 500 index. While its name makes it sound similar to the On-Balance-Volume indicator, the difference is that CVI only looks at the number of securities rather than looking at their volume, similar to the Advance/Decline Index. It’s perfectly fine to make your own decisions on these matters.

The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. But the struggles of the Donald Trump-backed social media Truth Social platform, which still aims to eventually merge with SPAC Digital World Acquisition, indicate the user appetite for such a theoretically open platform might be limited. Truth Social is also positioned as a full free https://forex-review.net/ expression site, but among other headwinds it has been plagued by execution problems and weak user metrics. On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. Trump’s TMTG is a social media platform that has some interesting aspects. However, it is too early to know how successful this endeavor will be.

Your feedback is really important to us and will support us to do this in relation to improved functionality or further resource development so that we can ensure you have the resources you require to teach the essential specialist skills, children and young people with a vision impairment may require. This Resource Hub is in its pilot phase of development and we plan to refine both the resources and method of access as the CFVI becomes embedded in practice across the sector. This hub contains documents from colleagues across the education sector and we have made every attempt to make them as accessible as possible.

When the deal is closed, Chris Pavlovski, who founded the company and is its chief executive officer, will retain voting control. Rumble places fewer limitations on what people can post than do other popular streaming platforms like Alphabet’s YouTube and is popular among conservatives. At the same time, traders may also look for divergences or convergences between the price and CVI trend lines. Highs and lows made in the price that aren’t reflected in the CVI readings may be a sign of a weakening trend and upcoming correction. The cumulative volume index is used to determine whether capital is moving in or out of an index. If the CVI is trending lower, traders might assume that a trend is losing momentum and a reversal could be around the corner.

We are keen to continue to evaluate and improve this pilot Resource Hub. Your feedback will support us to do this in relation to improved functionality or further resource development so that we can ensure you have the resources you require to teach the essential specialist skills, children and young people with a vision impairment may require. As it nears its merger date, several near-term catalysts will pop the price; most notably, the day that shares start trading.

The Trump trades have been a fascinating phenomenon to watch play out, and they are far from over. 2022 will bring the launch of Truth Social and more campaign rallies from Trump, which are likely to spur growth for both stocks. The risk of Rumble stock falling below the redemption price looks minimal, considering its advertising and cloud opportunities.