Shares for Rumble shot up on Monday morning following Valuetainment’s report that Barstool Sports was joining the video platform. Rumble had additionally announced the news on its corporate blog, which was then syndicated on Globe Newswire.
“With the power of Barstool Sports, we are going to help Rumble be the top player in the video, cloud, and livestreaming space,” Barstool’s Dave Portnoy stated.
Between closing time on Friday, January 19th, and Monday at noon, Rumble shares rose from $3.60 to $4.71—a 30.8 percent increase.
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Financial outlet ZeroHedge raised the possibility that Portnoy might tell his followers—4.7 million on Instagram—to pump Rumble stock just as he did with various companies during the COVID lockdowns.
This is a developing story. Check back later for more updates.
Shane Devine is a writer covering politics, economics, and culture for Valuetainment. Follow Shane on X (Twitter).
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