Rumble, the free speech streaming alternative to YouTube, announced Wednesday it will merge with CF Acquisition Corp VI (CFVI) and become a publicly traded company.
Rumble CEO and founder Chris Pavlovski announced on Wednesday that the company will be listed on the NASDAQ under CFVI after its closing in the second quarter of 2022. He said the free speech platform “will not be bullied by cancel culture.”
“Rumble is creating the rails to a new infrastructure that will not be bullied by cancel culture,” said Pavlovski “We are a movement that does not stifle, censor, or punish creativity and freedom of expression. We believe everyone benefits when they have access to more ideas and diverse opinions. We are on a mission to restore the internet to its roots by making it free and open once again.”
Rumble’s is valued at $2.1 billion following the merger announcement and it is expected to gross $400 million.
Rumble witnessed booming growth after the 2020 presidential election, as big tech platforms like YouTube, Twitter, and Facebook banned conservatives, including President Trump, for spreading what they deemed “misinformation.”
YouTube has also been accused of protecting Joe Biden and the Democrats after their move to dismantle the public dislike count from all of their videos, which some believed was due in part to the high dislike ratio in Biden’s White House videos. The Google-owned platform stated that the removal was done to promote “respectful interactions between viewers and creators.” Rumble recently added the public dislike count feature to their videos.
In the third quarter of 2020, Rumble averaged 1.6 million viewers per month. However, Rumble averaged a record 36 million viewers in the third quarter of 2021 following the increasing censorship of conservatives from big tech platforms.
Rumble has had several high-profile individuals and groups stream from its platform, including President Trump, Dan Bongino, and RSBN. Pavlovski asserted that people of all backgrounds and beliefs are welcome to use the platform.
The Toronto-based company is also set to soon relocate its headquarters to Sarasota, Fla.
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