Q: Good morning 5i team,
Rumble has recently made a huge deal with Tether. What are your thoughts on the recent parabolic rise in the stock? Do you see Rumble as a potential threat to Youtube?
Rumble has recently made a huge deal with Tether. What are your thoughts on the recent parabolic rise in the stock? Do you see Rumble as a potential threat to Youtube?
5i Research Answer:
Rumble trades at roughly 40X forward sales with growth expected to be in the 18% range on the top line for the next year or so. They are operating cash flow negative and generate net losses. The company also doesn't appear to generate gross profits. We would view it as speculative.