Rumble SPAC Partner CF Acquisition Shares Spike on Trump Partnership: What Investors Should Know

Rumble SPAC Partner CF Acquisition Shares Spike on Trump Partnership: What Investors Should Know
Former President Donald Trump speaks at a rally in Perry, Ga., on Sept. 25, 2021. Sean Rayford/Getty Images
Benzinga
Updated:
Video platform Rumble announced a SPAC deal last week. The CEO confirmed Friday a partnership with a SPAC linked to former President Donald Trump.

What Happened

Rumble has increased its monthly active users from 1.6 million to 30 million in a one-year time period. That point was highlighted by Cantor Fitzgerald and CF Acquisition Corp VI CEO Howard Lutnick Friday in an interview with Bloomberg.

“It’s a neutral network. These guys have decided they’re going to be neutral down the middle,” Lutnick said of Rumble.