CF ACQUISITION CORP. VI

(CFVI)
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05/16CF ACQUISITION CORP. VI Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)
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05/16CF Acquisition Corp. VI Reports Earnings Results for the First Quarter Ended March 31, 2022
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05/13CF Acquisition Corp. VI and Rumble Announce Filing of Amended Registration Statement in Connection with their Proposed Business Combination
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Trump's social media venture partners with Canada's Rumble Inc

12/14/2021 | 05:09pm EDT
FILE PHOTO: Former President Donald Trump speaks in Sarasota

Dec 14 (Reuters) - Former U.S. President Donald Trump's social media venture said on Tuesday it has entered into a technology and cloud-services agreement with Canadian video platform Rumble Inc.

As part of the agreement, Rumble will deliver video and streaming for TRUTH Social, the proposed social media app from Trump.

Rumble was launched in 2013 by tech entrepreneur Chris Pavlovski as an alternative YouTube-style site, and is popular among U.S. conservatives seeking an alternative to Big Tech. Its top trending videos include those from conservative commentators Dan Bongino and Dinesh D’Souza, as well as former Trump White House strategist Steve Bannon. It is backed by venture capitalist Peter Thiel and author-turned-U.S. Senate candidate J.D. Vance through Narya Capital.

On Dec. 1 Rumble said it would go public by merging with blank-check firm CF Acquisition Corp VI at an initial enterprise value of $2.1 billion. The combined company will be called Rumble and is expected to list on the Nasdaq.

Former Trump administration lawyer Michael Ellis joined Rumble in November as its first-ever general counsel and corporate secretary.

The announcement from Trump Media and Technology Group came hours after Rumble said it had severed business ties https://prn.to/3dNKzaC with Tremor International and Unruly Group, companies which Rumble said had attempted to censor conservative personality Dan Bongino.

TMTG has provided few details for how it plans to create a social media platform, streaming service, news division and alternative cloud provider to compete against entrenched players in those categories.

The company said on Dec. 6 that U.S. Representative Devin Nunes, the top Republican on the House Intelligence Committee, will leave Congress to become chief executive officer of the new venture, and will assume the role in January.

Nunes has been an ardent Trump supporter, voting against certifying Democrat Joe Biden's 2020 election victory following Trump's false claims of election fraud. (Reporting by Helen Coster in New York and Niket Nishant in Bengaluru; Editing by Shounak Dasgupta and David Gregorio)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CF ACQUISITION CORP. VI -0.09% 10.8 Delayed Quote.-0.18%
DIGITAL WORLD ACQUISITION CORP. 1.45% 45.52 Delayed Quote.-12.76%
NASDAQ COMP. 1.66% 11451.22 Real-time Quote.-28.00%
PALANTIR TECHNOLOGIES INC. 4.92% 7.9207 Delayed Quote.-58.54%
TREMOR INTERNATIONAL LTD -6.02% 430.6 Delayed Quote.-17.29%
All news about CF ACQUISITION CORP. VI
05/16CF ACQUISITION CORP. VI Management's Discussion and Analysis of Financial Condition an..
AQ
05/16CF Acquisition Corp. VI Reports Earnings Results for the First Quarter Ended March 31, ..
CI
05/13CF Acquisition Corp. VI and Rumble Announce Filing of Amended Registration Statement in..
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05/05Journalist Tim Pool Chooses the Rumble Cloud Over AWS
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04/04Rumble Launches New Discovery Feature, Dark Mode and Releases iPhone App in Brazil & Po..
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03/31"Brazil's Joe Rogan" Monark & Left-Wing Activist Ferréz Cancel YouTube for Rumble
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03/24CF ACQUISITION CORP. VI Management's Discussion and Analysis of Financial Condition an..
AQ
03/24CF Acquisition Corp. VI Reports Earnings Results for the Full Year Ended December 31, 2..
CI
03/24CF Acquisition Corp. VI Auditor Raises 'Going Concern' Doubt
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03/16Rumble Announces Addition of 15 Major Creators Across Non-Political Content Categories
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Financials (USD)
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 413 M 413 M -
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 80,4%
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Managers and Directors
Howard William Lutnick Chairman & Chief Executive Officer
Anshuman Jain President & Director
Jane Novak Chief Financial Officer
Douglas R. Barnard Independent Director
Harry J. Elam Independent Director
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