Reported about 11 hours ago
Rumble's shares rose 17% following the company's second-quarter report where it announced plans for an all-stock bid of approximately $1.17 billion to acquire Northern Data. Despite reporting a loss of $30.2 million, the company saw a 12% revenue increase to $25.1 million, albeit missing Wall Street expectations. Rumble's user base declined to 51 million, while average revenue per user grew by 24%. Northern Data is currently evaluating Rumble's acquisition proposal.
Source: YAHOO