Rumble has been making headlines since Monday this week after its CEO offered Rogan a $100 million contract lasting for four years to move his show to the Rumble video platform. Currently, Rogan’s podcast is hosted on Spotify.
The stock then went on to rally as December came to an end after Rumble signed a deal with former President Donald Trump’s social media platform TRUTH Social.
To help stock traders eying the Rumble stock (CFVI), Invezz has created a brief article on what it is and the best places to trade it.
To find out more, please continue reading.
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What is Rumble stock (CFVI)?
Rumble stock (CFVI) is the stock of Rumble, a video-sharing platform that is shaping up as a major YouTube competitor.
Rumble went public after it partnered with CF Acquisition Corp. VI (CFVI) in December; a merger that valued Rumble at $2.1 billion. The company formed after the merger retained the name Rumble but uses the ticker CFVI on the stock market.
The CFVI stock is listed on Nasdaq under the ticker NASDAQ: CFVI.
Should I buy the Rumble stock today?
If you want to invest in a video-sharing platform stock that is on the rise, then the Rumble stock (CFVI) could be a good choice.
Nevertheless, the video-sharing sector is crowded with heavyweights like YouTube, Spotify, and TikTok that are giving Rumble a run for their money and Rumble needs to step up its game to keep up with the ever-changing market. Otherwise, it shall lose users to their competitors and that could affect their share price.
Rumble stock price prediction
It is difficult to provide a precise price prediction of the CFVI stock because of the long bear market. Analysts believe it could hit $20 before the end of the first quarter of 2022.
$CFVI stock social media coverage
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