Former U.S. President Donald Trump’s social media venture said it has entered into a technology and cloud-services agreement with Canadian video platform Rumble, Reuters reports. The agreement calls for Rumble to provide streaming services for content that would be on the Trump media site.
Shares of Cantor Fitzgerald’s CF Acquisition VI, which is taking Rumble public, and Digital World Acquisition, which plans to merge with Trump’s fledgling media company, both rose on the announcement.
Meanwhile, a fund manager intervewed by CNN described Trump’s SPAC deal as “weird and murky” as the media company reportedly now has an implied $10 billion valuation, though no revenue, and neither products nor services to sell. Read more.
