Shares of conservative-centric video-platform

Moomoo 24/7 · 09/19 01:19

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.

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