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Shares of Rumble (NASDAQ: RUM) ... As of 1:08 p.m. ET, Rumble stock was up 13% on the news. A social media user on their computer and smartphone. Image source: Getty Images.
The Rocky Mountain Biological Laboratory (also known by its acronym RMBL — pronounced 'rumble') is a high-altitude biological field station located near Crested Butte, in the abandoned mining town of Gothic, Colorado in the West Elk Mountains. The laboratory was founded in 1928.
Rumble did have $131 million in cash and equivalents at the end of the third quarter of 2024. But that only gave the company about one year of runway at its current burn rate.
The streaming-video company's share price was down 9.3% as of 1:30 p.m. ET. Meanwhile, the S&P 500 index was down 0.7%, and the Nasdaq Composite index was down 0.8%. Why Rumble Stock Is Falling Today
Rumble's video platform is popular among conservatives [42] and far-right users [46] and has been described as part of "alt-tech" by various observers. [47]Using data from February 2021, researchers noted that several content creators have gained a receptive audience on Rumble after their content was pulled from YouTube or Facebook.
The station began operations on September 15, 1963, as KJFL-TV, a free-standing local independent station owned by Jeter Telecasting; [3] it went off the air after its facilities were destroyed in a February 1964 fire, [4] and the station was sold, rebuilt and returned to the air on September 9, 1965, as KREZ-TV, a satellite of CBS affiliate KREX-TV (channel 5) in Grand Junction, Colorado. [5]
However, after momentum in the stock built on Friday, Rumble jumped today even as the S&P 500 index was nearly flat as markets continued to shake out following the election.
Rumble (NASDAQ: RUM) stock is falling in Wednesday's trading following the company's recently published quarterly results. The streaming specialist's share price was down 12.5% as of 11 a.m. ET.