Shares of conservative-centric video-platform firm $Rumble(RUM.US)$ fell as much as 10.2% intraday Monday following expiration of a lockup on insider sales.
Rumble – which observers view as a conservative alternative to the Youtube unit of $Alphabet-A(GOOGL.US)$ -- went public in 2022 via a SPAC deal, and a lockup on insider stock sales expired on Saturday.
However, company founder and CEO Chris Pavlovski announced recently that he wouldn’t sell any of his 44.6% share of the firm’s Class A stock.
Former President Donald Trump’s Truth Social media firm uses Rumble for some back-end services.