Fox News host Dan Bongino proved the doubters wrong and scored a huge win today when Rumble, a video-sharing site Dan has an equity stake in, went public. Rumble issued a statement that said:
“Rumble Inc. (NASDAQ:RUM) (“Rumble”), the video-sharing platform, announced that after successfully completing its business combination with blank check company CF Acquisition Corp. VI (NASDAQ: CFVI) (“CFVI”), trading of Rumble’s common shares will begin on the NASDAQ stock exchange today.
“At market open, the ticker symbol will switch from “CFVI” to “RUM” for the company’s common shares. While stock ticker symbols can be an afterthought, for Rumble, “RUM” holds a special connection to the company’s mission to protect a free and open internet.
“It’s a little-known fact that rum was one of the many catalysts of the American Revolution due to unrest created by the British-imposed Sugar Act of 1764.
“The Act imposed regulations and taxes on molasses, a key ingredient used to produce rum. During the colonial era, rum was among the most-consumed alcoholic drinks in America.
“Without rum, the colonists may never have fought to win the freedom that Americans enjoy today – the very freedom that Rumble exists to protect.
“As a mission-driven company, we do everything with a purpose,” said Rumble Chairman and CEO Chris Pavlovski.
“As we considered available tickers, the history of rum as a symbol of freedom was the perfect match for Rumble.”
According to The Washington Examiner:
Conservative radio host Dan Bongino has acquired an equity stake in the online video-sharing platform Rumble with hopes of competing with YouTube by establishing a platform where free speech is protected.
“We need a home,” Bongino told the Washington Examiner in an exclusive interview. “We need somewhere to go where conservative views won’t be discriminated against.”
Bongino, who has 600K subscribers on YouTube, says 80% of his daily episodes of The Dan Bongino Show have been demonetized for its conservative content. “I’m sick of it, and I wanted to do something about it.”
Launched in 2013, Rumble “provides video creators a way host, manage, distribute, create over-the-top feeds and monetize their content,” according to its website.
On Monday, Bongino plans on posting The Dan Bongino Show exclusively to Rumble before uploading it to his YouTube channel.
As of September, The Dan Bongino Show is the 12th most popular podcast on Apple Podcasts, according to podcastinsights.com.
“YouTube is crushing conservative voices. I’m not going to sit around and take their bullshit anymore,” Bongino said Wednesday.
“They think alienating & discriminating against major content producers is a long-term business plan. It’s not. I’ll have a big announcement about this fight on my show tomorrow.”