Rumble, Inc. (RUM) shares declined on Wednesday despite the platform setting multiple viewership records during the recent presidential debate. While Trump-linked stocks faced a dip following the debate, Rumble’s performance highlighted its growing audience and potential for future growth. However, Wall Street analysts remain cautious about its short-term prospects.
Rumble Inc. (RUM) saw its shares rise after reporting better-than-expected second-quarter earnings, exceeding revenue and profit estimates. The company also reported an increase in monthly active users and record concurrent livestream viewers, signaling a growing audience and potential for monetization.
Shares of Rumble Inc. (RUM) jumped in pre-market trading after the company reported better-than-expected second-quarter financial results. Other notable pre-market movers include Vicinity Motor Corp. (VEV), MKDWELL Tech Inc. (MKDW), and CXApp Inc. (CXAI), all showing significant gains. On the downside, Syros Pharmaceuticals, Inc. (SYRS) and SunPower Corporation (SPWR) experienced sharp declines.
