Why Rumble Stock Tumbled by 13% Today
Rumble (NASDAQ: RUM) was rumbling quite a bit on the market Thursday but for the wrong reason. After being fingered as a lousy stock by a pundit and divulging rather weak financials, the ambitious online video company saw its share price erode by just shy of 13% on the day.
Of those two factors, the bearish analysis was the more immediate. Thursday morning, Edwin Dorsey of The Bear Cave newsletter published a post entitled "Problems at Rumble."
Rumble is positioned as a YouTube-like site for social media users who feel that mainstream video sites unfairly censor and restrict content.
Source Fool.com
