CF Acquisition VI said that it has filed an amended registration statement on its proposed business combination with Canadian video platform Rumble. The amended statement includes Rumble’s 2021 full year financial performance.
Rumble’s strategy is currently focused on continuing growth in users and user engagement, as well as building the tools that will enable future monetization of this consumption, according to a news release.
The first quarter of 2022 included a record 10.5 billion minutes watched per month, and the platform received an average of 6,158 hours of uploaded video per day, representing increases of 23% and 88% respectively, over the fourth quarter of 2021.
Rumble has a technology and cloud-services agreement with former president Donald Trump’s Truth Social platform, which is being taken public by another SPAC, Digital World Acquisition. Read more.
