As part of the agreement, Rumble will deliver video and
streaming for Truth Social, the proposed social media app from Trump.
Rumble was launched in 2013 by tech entrepreneur Chris
Pavlovski as an alternative YouTube-style site, and is popular among US
conservatives seeking an alternative to Big Tech.
Its top trending videos include those from conservative
commentators Dan Bongino and Dinesh D'Souza, as well as former Trump White
House strategist Steve Bannon. It is backed by venture capitalist Peter Thiel
and author-turned-US Senate candidate J.D. Vance through Narya Capital.
On December 1, Rumble said it would go public by merging
with blank-check firm CF Acquisition Corp VI at an initial enterprise value of
$2.1 billion. The combined company will be called Rumble and is expected to
list on the Nasdaq.
Former Trump administration lawyer Michael Ellis joined
Rumble in November as its first-ever general counsel and corporate secretary.
The announcement from Trump Media and Technology Group came
hours after Rumble said it had severed business ties with Tremor International
and Unruly Group, companies which Rumble said had attempted to censor
conservative personality Dan Bongino.
TMTG has provided few details for how it plans to create a
social media platform, streaming service, news division and alternative cloud
provider to compete against entrenched players in those categories.
The company said on December 6 that US Representative Devin
Nunes, the top Republican on the House Intelligence Committee, will leave
Congress to become chief executive officer of the new venture, and will assume
the role in January.
Nunes has been an ardent Trump supporter, voting against
certifying Democrat Joe Biden's 2020 election victory following Trump's false
claims of election fraud. © Reuters
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