CORRECTION: Rumble Acquires Podcasting and Live Streaming Platform Callin
15 Maio 2023 - 8:40PM
A release was issued under the same headline earlier today by
Rumble, Inc. Please note that several changes have been made
throughout the release. The corrected release follows:
Rumble, the popular video-sharing platform (NASDAQ:
RUM), announced today that it has acquired Callin, the San
Francisco-based podcasting and live streaming platform founded by
technology entrepreneur and investor David Sacks and Axel Ericsson.
Pursuant to the terms of the definitive acquisition agreement,
Sacks is slated to join Rumble’s board of directors in the second
half of June 2023. Ericsson and the Callin team will continue to
develop live streaming capabilities as a part of Rumble.
Callin creates a seamless experience for its users to create,
discover, and consume live and recorded content. The Callin app was
built to blend the best aspects of social audio and video with the
most attractive features of podcasting. We believe the addition of
Callin’s user-friendly app and post-production tools coupled with
Rumble’s substantial creator and user communities will create
beneficial synergies, improving the experience of Rumble’s creators
and their fans.
“It was my own experience with the All-In Podcast that gave me
the idea for Callin: I discovered how much work goes into producing
a show and wanted to radically simplify the experience. I teamed up
with Axel to launch the first ‘social podcasting’ platform, where
users can easily stream, take questions, record, edit, publish, and
share content with their audience,” said David Sacks, co-founder of
Callin and co-founder/partner at Craft Ventures. “I am excited to
expand Callin’s capabilities by joining forces with Rumble, a
platform with significant size, influence, and reach. As an avid
proponent of the creator economy and the free flow of ideas, I
strongly support Rumble’s unwavering commitment to free
speech.”
Chris Pavlovski, Rumble Chairman and CEO, added “We are beyond
excited to have David, Axel, and the Callin team become a part of
Rumble. The addition of Callin’s talented team and the capabilities
of its product signifies a major step in our journey to deliver
greater value and tools to our creators, which will further enhance
our user engagement.”
ABOUT RUMBLE
Rumble is a high-growth neutral video platform that is creating
the rails and independent infrastructure designed to be immune to
cancel culture. Rumble’s mission is to restore the internet to its
roots by making it free and open once again. For more information,
visit corp.rumble.com
Contact: press@rumble.com
Forward-Looking Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Statements contained in
this press release that are not historical facts are
forward-looking statements and include, for example, results of
operations, financial condition and cash flows (including revenues,
operating expenses, and net income (loss)); our ability to meet
working capital needs and cash requirements over the next 12
months; and our expectations regarding future results and certain
key performance indicators. Certain of these forward-looking
statements can be identified by using words such as "anticipates,"
"believes," "intends," "estimates," "targets," "expects,"
"endeavors," "forecasts," "could," "will," "may," "future,"
"likely," "on track to deliver," "gaining momentum," "continues
to," "looks forward to," "begins to focus on,"
"plans," "projects," "assumes," "should" or other similar
expressions. Such forward-looking statements involve known and
unknown risks and uncertainties, and our actual results could
differ materially from future results expressed or implied in these
forward-looking statements. The forward-looking statements included
in this release are based on our current beliefs and expectations
of our management as of the date of this release. These statements
are not guarantees or indicative of future performance. Important
assumptions and other important factors that could cause actual
results to differ materially from those forward- looking statements
include, but are not limited to, our ability to recognize the
anticipated benefits of the acquisition of Callin; the possibility
that we may be adversely impacted by economic, business, and/or
competitive factors; our limited operating history making it
difficult to evaluate our business and prospects; our inability to
effectively manage future growth and achieve operational
efficiencies; our recent and rapid growth not being indicative of
future performance; our inability to grow or maintain our active
user base; our inability to achieve or maintain profitability; our
failure to comply with applicable privacy laws; occurrence of a
cyber incident resulting in information theft, data corruption,
operational disruption and/or financial loss; potential liability
for hosting a variety of tortious or unlawful materials uploaded by
third parties; negative publicity for removing, or declining to
remove, certain content, regardless of whether such content
violated any law; impediment of access to our content and services
on the Internet; significant market competition that we face;
changes to our existing content and services resulting in failure
to attract traffic and advertisers or to generate revenue; our
dependence on third party vendors; our inability to realize the
expected benefits of financial incentives that we offer to our
content creators; potential diversion of management's attention and
consumption of resources as a result of acquisitions of other
companies and success in integrating and otherwise achieving the
benefits of recent and potential acquisitions; failure to maintain
adequate operational and financial resources or raise additional
capital or generate sufficient cash flows; adverse effect on
our business by compliance obligations imposed by new privacy laws,
laws regulating social media platforms and online speech in the
U.S. and Canada; and those additional risks, uncertainties and
factors described in more detail under the caption "Risk Factors"
in our Quarterly Report on Form 10-Q for the quarter ended March
31, 2023, and in our other filings with the Securities and Exchange
Commission. We do not intend, and, except as required by law, we
undertake no obligation, to update any of our forward-looking
statements after the issuance of this release to reflect any future
events or circumstances. Given these risks and uncertainties,
readers are cautioned not to place undue reliance on such
forward-looking statements.
Rumble Social MediaInvestors and others should
note that we announce material financial and operational
information to our investors using our investor relations website
(investors.rumble.com), press releases, SEC filings and public
conference calls and webcasts. We also intend to use certain social
media accounts as a means of disclosing information about us and
our services and for complying with our disclosure obligations
under Regulation FD: the @rumblevideo Twitter account
(twitter.com/rumblevideo), the @rumble TRUTH social account
(truthsocial.com/@rumble), the @chrispavlovski Twitter account
(twitter.com/chrispavlovski), and the @chris TRUTH Social account
(truthsocial.com/@chris), which Chris Pavlovski, our Chairman and
Chief Executive Officer, also uses as a means for personal
communications and observations. The information we post through
these social media channels may be deemed material. Accordingly,
investors should monitor these social media channels in addition to
following our press releases, SEC filings and public conference
calls and webcasts. The social media channels that we intend to use
as a means of disclosing the information described above may be
updated from time to time as listed on our investor relations
website.
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