More than a month ago, President Donald Trump announced the creation of a new social media platform called TRUTH Social which will operate under Trump Media & Technology Group (TMTG) merged with Digital World Acquisition Corp (DWAC).
DWAC is special purpose acquisition company (SPAC) that helps private companies raise capital through an initial public offering (IPO).
Usually SPAC do so by acquiring or merging with the existing private companies.
A few days ago, I saw this tweet from Donald Trump Jr. (@DonaldJTrumpJr) spreading the news of Rumble going public by combining with another SPAC.
Cantor Fitzgerald & Co. is a global financial firm that specialized in many areas such as investment banking, fixed income and equity capital markets, SPAC underwriting and PIPE placements, prime brokerage, and commercial real estate.
I believe CF Acquisition Corp. VI (NASDAQ:CFVI) is the SPAC formed by the company and is just one part of the company’s businesses.
Anyways,
I think CFVI is another company to invest in because Rumble is already an established company.
According to Rumble’s press release, Rumble is experiencing tremendous growth from 1.6 million average monthly active users in Q3 2020 to a record 36 million average monthly active users in Q3 2021.
It also has 44 million monthly active users in August 2021 and viewer engagement grew 44 times from Q2 2020 to Q3 2021 to 8 billion minutes watched per month.
Even Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and CFVI, stated,
“Rumble is the most exciting social media and video distribution platform in the market today. With 36 million average monthly active users in Q3 2021, including 44 million monthly active users in August 2021, it is clear Rumble is the new market for innovators, creators, and consumers. I’m excited to support Rumble and its ability to operate the neutral video platform.”
When the business combination agreement closes in the second quarter of 2022, the combined company will be called Rumble Incorporated and expects to be publicly listed on Nasdaq under a different symbol, not CFVI.
As of now, CFVI is trading at $10.44 USD.
So you could be buying the stock for cheap.
I do think Rumble has the potential to grow big as it is a platform that cancels cancel culture.
In addition, Rumble was formed to allow creators to have the opportunity to freely express themselves and reach their followers without censorship or restrictions.
The only thing I worry about is whether the Asian market is ready for another YouTube.
But I mean,
All tech companies like Google, Facebook and YouTube started in North America and then the Asian market followed.
So you never know how far Rumble can go.
Plus,
Rumble is an existing company with a proven concept. However, TRUTH Social is not.
So not much speculation going on here.
I have already added NASDAQ:CFVI in my watchlist.
So are you?
Real Free Finance 
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