Former US President Donald Trump’s social media company said on Tuesday that it has reached a technology and cloud service agreement with Canadian video platform Rumble.
As part of the agreement, Rumble will provide video and streaming services for Truth Social, Trump’s proposed social media application.
Rumble was launched in 2013 by tech entrepreneur Chris Pavlovski. It is an alternative to YouTube style website and is very popular among American conservatives who are looking for alternatives to big technology. Popular videos include those from conservative commentators Dan Bongino and Dinesh D’Souza and former Trump White House strategist Steve Bannon Video. It was supported by the venture capitalist Peter Thiel and the writer-turned US Senate candidate JD Vance through Narya Capital. On December 1, Rumble stated that it would merge with the blank cheque company CF Acquisition Corp VI to go public with an initial corporate value of US$210 million (approximately Rs 15,970 crore). The combined company will be called Rumble and is expected to be listed on the Nasdaq.
Former Trump administration lawyer Michael Ellis joined Rumble in November as its first general counsel and company secretary.
Trump Media and Technology Group announced the news a few hours after Rumble said it had severed business relationships with Tremor International and Unruly Group. Rumble said these companies had tried to censor conservative Dan Bongino. TMTG provided little information on how it plans to create a social media platform, streaming service, news department, and alternative cloud provider to compete with the entrenched players in these categories.
The company said on December 6 that the top Republican Rep. Devin Nunes of the U.S. House of Representatives Intelligence Committee will leave Congress to become the CEO of the new company and will take office in January.
Nunez has always been an ardent supporter of Trump. After Trump lied about election fraud, he voted against proving that Democrat Joe Biden won the 2020 election.
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