Rumble ticks lower even as CEO says he has no plans to sell stock when lock-up expires
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Conservative-focused video platform Rumble (NASDAQ:RUM) ticked down even as CEO and founder Chris Pavlovski said he has no plans to sell his stock during the upcoming lock-up period expiration. 
"When the lock-up is lifted, it will become evident who truly stands for free speech and who has other motivations. I, for one, remain deeply and passionately committed to our mission to protect a free and open internet,â Pavlovski said in a statement on Tuesday. âI did not take Rumble public just to sell my shares as soon as I can, and therefore have no plans to sell.â 
Pavlovski was the beneficial owner of 140,182,173 shares of Rumbleâs (RUM) Class A Common Stock, all of which are subject to lock-up or vesting requirements, representing 44.6% beneficial ownership of Class A Common Stock.
Rumble (RUM), which is viewed as a conservative alternative to Google's (GOOGL) YouTube, has gained attention in the last couple years after it announced a deal with former President Trump's social media company and his platform, Truth Social. Rumble's shares have fallen 35% since the company de-spac almost a year ago. 
Shares of SPAC Digital World Acquisition (DWAC), which is merging with Trump's social media firm, rose 2.5% on Tuesday amid a report that shareholders voted to approve an extension for its deal to merge with Trump's media company.

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Why did Rumble stock fall today? Wider-than-expected Q2 loss