Could Rumble Be Big Winner From Trump's FTC Commissioner Pick? 'Been An Invaluable Member Of The Rumble Team'

Chris Katje

December 12, 2024

Video platform company Rumble Inc (NASDAQ:RUM) could have reasons to smile with several announced picks of the new White House administration.

What Happened: Rumble filed several lawsuits against Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) unit Google over the years, alleging favoritism for YouTube in search results and digital advertising practices.

While Alphabet faces a current battle with the Department of Justice, there could be more to come with several figures close to Rumble expected to be part of Donald Trump's new administration.

Trump recently announced he will nominate Andrew Ferguson to lead the Federal Trade Commission, replacing Lina Khan. Trump also announced his plan to make Mark Meador a FTC commissioner.

"Congratulations to @mrmeador on his nomination as a Commissioner on the FTC. Mark has been an invaluable member of the Rumble team, representing us in our lawsuit against GARM and our ad tech lawsuit against Google. We're thrilled for him and wish him all the best," Rumble CEO Chris Pavlovski tweeted.

Meador previously taking on Google on behalf of Rumble could be an item for Rumble investors to watch as it could set the table for further antitrust lawsuits against the search giant in the future.

The addition of Meador by Trump joins several other members of the upcoming administration that have ties to Rumble.

Vice president-elect J.D. Vance was an investor in Rumble. Department of Government Efficiency co-lead Vivek Ramaswamy was also an investor in Rumble.

Trump recently announced David Sacks will serve as the White House AI and Crypto Czar. Sacks is a current member of Rumble's oard of directors.

Rumble also has a working relationship with Trump Media & Technology Group (NASDAQ:DJT), the media company co-founded by Trump.

Read Also: Rumble Q3 Earnings: Revenue Miss, EPS Miss, Monthly Active Users Jump To 67M, Election Night ‘Broke Records’

Why It's Important: Ferguson shared his plan to "end Big Tech's vendetta" on free speech when he was announced as Trump's pick. With Rumble being a leading free speech platform, the company could end up a winner if others are targeted for leaving Rumble out of search results.

Sacks said there was a high likelihood of a breakup of Alphabet under Trump recently.

"Google should be broken up," Sacks said.

Vance also expressed support to break up Google earlier this year.

"It's time to break Google up. This matters far more than any other election integrity issue. The monopolistic control of information in our society resides with an explicitly progressive technology company," Vance tweeted.

The current FTC leadership under Khan has taken on Big Tech companies like Alphabet, Amazon.com Inc (NASDAQ:AMZN), Microsoft Corp (NASDAQ:MSFT) and Meta Platforms Inc (NASDAQ:META).

Amazon founder Jeff Bezos and Meta co-founder Mark Zuckerberg have met with Trump or are planning to meet with Trump in potential moves to position their respective companies to not being targeted by the new administration.

Adding it all up there are likely going to be several people connected to Rumble involved in Trump's new administration and the company could be a winner from their support and from potential Big Tech targets such as Google targeted for anticompetitive behavior.

RUM Price Action: Rumble stock is down 0.12% at $8.13 on Thursday versus a 52-week trading range of $3.33 to $9.19. Rumble stock is up 90% year-to-date in 2024.

Read Next:

Alphabet Stock Swings On DOJ Investigation: Analyst Says ‘GOOGL Is Worth More In Pieces Than Together’

Photo: Shutterstock

Recommended

Limited Time Offer -- Weiss' Gold Playbook - Ad

Urgent: Buy This Before Bitcoin Hits $125,000 - Ad

Revealed: Buffett's $4.9 Billion Secret - Ad

Popular

Supreme Court turns back challenge to strict gun licensing law in Maryland

WASHINGTON (AP) — on Monday turned back a challenge to a strict gun licensing law in Maryland.

Stock Of The Day: Is Oversold Procter & Gamble Set For A Bounce?

The Procter & Gamble Company (NYSE:PG) stock is trading higher, signaling a potential new uptrend. Oversold and at support, experts have chosen it as Stock of the Day.

Better Than Bitcoin? (Top Crypto for Less Than $1)

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. Many predict 2025 will be an even bigger year--hitting $200,000 or higher. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto in 2025.

What to do with your 401(k) when you retire

For many employees, what to do with a 401(k) plan at retirement has been a foregone conclusion: .

Philadelphia mayor announces new plan to keep 76ers arena in South Philadelphia, pursue WNBA team

PHILADELPHIA (AP) — The Philadelphia 76ers will partner with Comcast Spectacor, their current landlord, to build a new arena in South Philadelphia and with the city to move downtown.

Wall Street's "Secret Weapon"?

Wall Street's "Secret Weapon"? - Ad

Wall Street insiders are eyeing a newly listed NYSE-A IPO that is taking on a $63B opportunity. Primed to reduce Brazil's dependence on foreign potash, this stock is poised for gains.

ChargePoint Outpaces Tesla In EV Network Market Share, But JPMorgan Stays Cautious

ChargePoint dominates U.S. EV charging market with 32% share and 70,000+ ports, but faces challenges with sluggish subsidies and high capex. JPMorgan remains cautious.

Starbucks Shines, QSR Faces Challenges: BofA's 2025 Restaurant Outlook

BofA analysts expect moderate growth in the restaurant industry in 2025, with certain shifts due to post-Covid behaviors. Starbucks and Sysco receive positive ratings, while Restaurant Brands and Krispy Kreme see downgrades.

If you walked by this guy on the street, you would not think "millionaire"

If you walked by this guy on the street, you would not think "millionaire" - Ad

You would probably think "accountant" or "average cubicle guy." Actually, he was a lawyer until he unlocked this secret that made him $5 million. How does he do it? We'll warn you... it's about as exciting as a ham sandwich. But it's turning regular readers into 6-figure income machines.

Scholz Warns of Tension with Trump as Border Integrity and NATO Spending Loom Over Germany's Election

German Chancellor Olaf Scholz has raised concerns over President-elect Trump's moves on border integrity.

Michael Burry's Hedge Fund Could Soar if China Cuts Interest Rates in 2025

Michael Burry's $196 million hedge fund, Scion Asset Management, could see hefty gains if the People's Bank of China cuts interest rates in 2025, which it has suggested it is likely to do.

The High Roller of iGaming Stocks

The High Roller of iGaming Stocks - Ad

Targeting high-margin players with 60% revenue growth and cutting-edge technology, this stock is a standout in iGaming. Opportunities like this are rare--Get the symbol here the crowd catches on.

Elon Musk says a third patient got a Neuralink brain implant. The work is part of a booming field

Elon Musk said a third person has from his brain-computer interface , one of many groups

Mark Zuckerberg Meets Donald Trump At Mar-a-Lago: Mending Fences Ahead Of GOP White House Return

Mark Zuckerberg has much bigger fences to mend with President-elect Trump than the Silicon Valley tech giants and other billionaires who have been making the trek to Mar-a-Lago since the November election.

98 Opportunities for 1,000% Gains (And More)

98 Opportunities for 1,000% Gains (And More) - Ad

During the most recent gold bull market, our team tracked down 98 separate opportunities for investors to make 10x their money or more. In fact, there are seven specific gold plays that we believe should be on every investor's radar right now.

Shytoshi Kusama Outlines TREAT Token's Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu

Shytoshi Kusama, the mysterious personality associated with the Shiba Inu (CRYPTO: SHIB) ecosystem, explained the utility and significance of the soon-to-be-launched TREAT token.

eVTOL Market Soars Too High? Analyst Gives Archer, Joby Downgrades

JPMorgan downgrades Archer and Joby Aviation stocks, noting they have surged past what fundamentals justify due to market enthusiasm and regulatory challenges.

Wall Street's Secret AI Innovator

Wall Street's Secret AI Innovator - Ad

Wall Street is taking note of a Nasdaq-listed company transforming the $124 billion smart glass industry. With top customers like Boeing and Ferrari, a 59% revenue surge in 2023, and safety-enhancing products, this company could be the next big thing.

Mark Zuckerberg Backs Nvidia CEO Jensen Huang's View On Quantum Computing: 'It's Still Quite A Ways Off'

Mark Zuckerberg aligned with Jensen Huang's cautious outlook on quantum computing, suggesting the technology remains years away.

Supreme Court to weigh reinstating Obamacare care requirements struck down by lower court

WASHINGTON (AP) — The Supreme Court agreed Friday to consider reinstating some preventative care coverage requirements under that were struck down by a lower court.

ONE AI Stock Is All You Need

ONE AI Stock Is All You Need - Ad

There are over 6,000 stocks listed in the market right now. And even with many of them jumping on the AI bandwagon... They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else. It's currently trading for only $20...

Steve Bannon Targets Elon Musk, Pledges To Expel Him From MAGA Movement: 'He Is a Truly Evil Guy'

Steve Bannon fiercely criticized Elon Musk, calling him "truly evil" and vowing to expel Musk from the MAGA movement.

Bitcoin's Supercycle, Crypto's Capitol Breakthrough, And More: This Week In Crypto

The past week was a rollercoaster for the cryptocurrency world. From predictions of a Bitcoin (CRYPTO: BTC) supercycle to a groundbreaking Senate subcommittee on digital assets, the crypto landscape is buzzing with activity.

Bill Gates Is Betting Big on This New Technology

Bill Gates Is Betting Big on This New Technology - Ad

Bill Gates is betting the house on a new tech bound to make investors millions. He says the potential uses for it are "almost limitless." And he believes it is so revolutionary that soon we'll see one in every home. This is tech's next megatrend.

IRS is sending out automatic stimulus payments. Who is getting them?

The IRS it's distributing about $2.4 billion to taxpayers who didn't receive their COVID stimulus payments. By the end of January, approximately 1 million taxpayers will receive special payments of up to $1,400 from the IRS.

Walmart says customers should discard recalled chicken broth

NEW YORK (AP) — Walmart says customers should throw out a chicken broth product that was sold at stores in mostly Southern states late last year.

January 20th - The Biggest Crypto Event in History

January 20th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on January 20th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Company linked to Alex Jones doubles offer to buy Infowars after failed bankruptcy auction

A company linked to is now offering over $7 million to buy his Infowars platforms, more than double what it proposed when it lost to The Onion satirical news outlet in a bankruptcy auction , a lawyer in the case said Monday.

Netflix Stock Has 'Long Term Runway For Dominance In Streaming': Analyst Highlights 4 Key Catalysts

A Netflix analyst says the company could beat subscriber growth estimates and highlights its growing advertising monetization in the fourth quarter.

Bitcoin Hits $106K: Trump's Next Move Could Trigger $200K

Bitcoin Hits $106K: Trump's Next Move Could Trigger $200K - Ad

This rally is no accident -- it's part of Trump's bold vision to make America the "Bitcoin Superpower." Central to Trump's plan is the creation of a National Bitcoin Reserve -- a move that could make the U.S. one of the largest Bitcoin buyers in history, creating massive upward pressure on Bitcoin's price.

Rudy Giuliani's Legal Crisis Intensifies With Second Contempt Ruling in One Week

Rudy Giuliani has been held in contempt of court for the second time this week for continuing to spread false claims about Georgia election workers.

Moldovans grapple with outages as energy crisis grips pro-Russia region

COPANCA, Moldova (AP) — Every time planned electrical outages are imposed on his village in southern Moldova, 73-year-old retiree Vasili Donici passes the time solving crosswords and puzzles in a room he illuminates using a small gas lamp.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

Canadian Official Claps Back At Trump's 51st State Comments, Offers To Buy These Two American States

Canadian officials say their country isn't for sale and suggest Donald Trump should sell them two states instead of trying to make its neighbor a state.

Jimmy Carter's Funeral: 5 Living Presidents Attend; Family, Colleagues Share Warm, Humorous Stories

Jimmy Carter's state funeral united five living U.S. presidents, including Trump and Obama. Carter was remembered as a peace-seeking leader.

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout - Ad

But here's why I'm not buying Bitcoin directly: It's VERY expensive. Instead, I've found a better way to profit -- without touching any coins, ETFs, or digital wallets. This little-known $25 investment is accessible through your regular brokerage account. It's already up over 10% since Trump's victory, and it's just getting started.

Walgreens Boots Alliance, Aurora Innovation And Delta Air Lines Are Among Top Large Cap Gainers Last Week (Jan 6-10): Are The Others In Your Portfolio?

Top performers in last week's stock market: Walgreens, Constellation Energy, FTAI Aviation, TD SYNNEX, Aurora Innovation, Royalty Pharma, Micron, Delta Air Lines, Intra-Cellular Therapies, United Airlines.

Wall Street's Bonus Frenzy: Top Investment Bankers Eye Double-Digit Pay Boosts As Markets Flourish

Wall Street gearing up for generous bonuses, with top traders and bankers set to see 10%+ increases due to robust revenues. Record decade of bonuses expected to continue thanks to strong trading.

1 Thing You Must Do in 2025

1 Thing You Must Do in 2025 - Ad

With a new year just beginning, I think every Weiss Member would be smart to do one thing to kick-start the year ...Claim a special bar of Weiss gold bullion. It's a simple investment anyone can access in their regular brokerage account with just a few clicks.

Shortage leaves Dunkin' stores in Nebraska without any doughnuts

OMAHA, Neb. (AP) — Dunkin' dropped the “Donuts” from its brand name years ago. Now — at least across much of Nebraska — it doesn’t have doughnuts on the shelves either.

Trending Now