Rumble SPAC CFVI gains after Sen. Rand Paul says he's quitting YouTube, switching to Rumble
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SPAC CF Acquisition VI (NASDAQ:CFVI), which agreed last month to take YouTube competitor Rumble public, neared session highs, up 3.3%, after Sen. Rand Paul (R-KY) said he's quitting Google-owned YouTube (NASDAQ:GOOGL) and switching to Rumble.
"So today, I announce that I will begin an exodus from Big Tech," Paul said in a Washington Examiner editorial. "I will no longer post videos on YouTube unless it is to criticize them or announce that viewers can see my content on rumble.com."

Last month, Trump's social media company confirmed a partnership with Rumble. Trump Media & Technology Group, which is going public through a deal with SPAC Digital World Acquisition (NASDAQ:DWAC), said it entered into a wide-ranging technology and cloud services agreement with Rumble. As part of the partnership, Rumble will deliver video and streaming for TRUTH Social.
The Rumble SPAC deal with CFVI is expected to close in the second quarter of 2022. Rumble, which some describe as a conservative alternative to Google's (GOOG, GOOGL) YouTube, said last month it had 36M average monthly active users in Q3 2021, including 44 million monthly active users in August 2021.
The Paul news comes after Twitter (NYSE:TWTR) said over the weekend that it had permanently suspended Rep. Marjorie Taylor Greene's personal account for repeated COVID-19 misinformation and hours after she wrote a tweet that falsely suggested there have been a "extremely high amounts of Covid vaccine deaths."
Recall in May, Rumble CEO discusses round of investment in conservative alternative to social-media "preferencing."