Rumble SPAC Merger: 9 Things to Know About the YouTube Competitor as CFVI Stock Surges – Investorplace.com

In an age where the topic of a free, uncensored internet is controversial, some companies have recognized a market opportunity. Earlier this season, Wall Street was rocked by the historic rise of Digital World Acquisition Corp (NASDAQ:DWAC) when former President Donald Trump announced that it would serve as the blank-check partner for his new social media venture, Truth Social. The social network is expected to launch in 2022. But by the time it does, investors will likely have another option for companies looking to provide internet users with free speech vehicles. Rumble, a Canadian company seeking to rival YouTube, has announced plans to go public by way of a SPAC (special purpose acquisition company) merger with CF Acquisition Corp. VI (NASDAQ:CFVI). News of the Rumble SPAC merger has been good for CFVI stock, which has been rising all day.

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As of this writing, CFVI stock has risen by almost 17% within the first two hours of trading today. News of the Rumble SPAC merger broke yesterday after close of markets. When trading began today, CFVI immediately shot up by almost 44%. Although its come down a bit since then, the stock seems to be on its way to rising further.

What else should investors know about this new company that is seeking to cash in on the current SPAC boom and send CFVI stock soaring? Lets take a look.

On the date of publication, Samuel OBrientdid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2021/12/rumble-spac-merger-9-things-to-know-about-the-youtube-competitor-as-cfvi-stock-surges/.

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Rumble SPAC Merger: 9 Things to Know About the YouTube Competitor as CFVI Stock Surges - Investorplace.com