Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

SPAC CF Acquisition Soars on Trump Links of Target Firm Rumble

Stock MarketsDec 06, 2021 06:59AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Dhirendra Tripathi

Investing.com – Stocks of special purpose acquisition company CF Acquisition Corp VI (NASDAQ:CFVI) climbed 21% in Monday’s premarket trading on reports it will merge with Rumble, a social media platform that counts President Donald Trump as a member.

The video platform, popular with conservatives, also has a partnership with another SPAC linked to the former U.S. president.

Trump Media & Technology Group, a new outfit set up by the former President, is merging with SPAC Digital World Acquisition under a separate deal. DWAC traded 6% higher in premarket. 

CF Acquisition CEO Howard Lutnick told Bloomberg last week that Truth Social, as Trump’s social media platform is called, is their partner.

“The Trump Media Group and DWAC SPAC are using Rumble for distribution," he said. “I can confirm that they have an arrangement together.”

Trump Media Group is paying for distribution with Rumble on a non-exclusive basis.

Trump has been off social media as both Meta-owned Facebook (NASDAQ:FB) and his then favorite, Twitter (NYSE:TWTR), banned him from their platforms for his alleged role in inciting the January 6 Capitol riot. Since then, Trump has been exploring ways to restore his once-sizable social media presence.

As Trump’s plans take shape, stock associated with him -- Phunware (NASDAQ:PHUN) being another -- have been in the limelight. Phunware had provided technology services to the unsuccessful Trump 2020 campaign.   

 

 

SPAC CF Acquisition Soars on Trump Links of Target Firm Rumble
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Kelly Callis
Kelly Callis Dec 06, 2021 9:42AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Go trump go!!!!
Miriam Morkhul
Miriam Morkhul Dec 06, 2021 9:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"services to the unsuccessful Trump 2020 campaign", in what universe did this happen? Trumps rallies on planet earth in our dimension in the year 2020 had campaign success. Evident in footage showing tens of thousands attending. Technology worked great at his Pennsylvania rally where he has a massive screen playing the clip of Kamala Harris saying she would shut down oil production. Why do you write blatant lies?
Nison Kay
Nison Kay Dec 06, 2021 9:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
fake news what you expect.
Chris Wood
Chris Wood Dec 06, 2021 9:17AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ready for the Trump train to leave the station! Roll Trump roll!
Catholic Man
CatholicMan Dec 06, 2021 9:15AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So much winning!
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email