Rumble, a rapidly growing video-sharing platform, has gained attention as an alternative to YouTube, championing free speech and content diversity.
Short answer? – Who Owns Rumble? – Rumble, founded in 2013 by Chris Pavlovski, is primarily owned by its founder and private investors. Peter Thiel’s Thiel Capital invested $6 million in Rumble in 2021, signaling its potential as a growing video-sharing platform.
In this article, we’ll take an in-depth look at Rumble’s ownership, including any sales and relevant stats in tables.
Rumble’s Founding and Ownership
Founder: Chris Pavlovski –
Rumble was established in 2013 by tech entrepreneur Chris Pavlovski, whose expertise lies in digital media and online video technology. Before founding Rumble, Chris had worked on various online video projects and had gained valuable insights into the industry.
Recognizing the need for a platform that upheld free speech and content diversity, he set out to create Rumble as an alternative to existing video-sharing platforms with more restrictive policies.
Chris’s vision for Rumble was to build an online space where content creators could freely express their ideas and opinions without fear of censorship. In addition, he aimed to provide creators with transparent and fair monetization opportunities, setting Rumble apart from competitors like YouTube, which often faced criticism for their monetization policies and practices.
Under Chris’s leadership, Rumble has grown significantly, attracting millions of users and billions of video views. The platform’s commitment to free speech, diverse content, and fair monetization has resonated with creators who feel limited by the restrictions imposed by other platforms.
Rumble Monthly Active Users (MAU) based on the data provided by Statista:
| Quarter | Rumble MAU (in millions) |
|---|---|
| Q1 2020 | 1.6 |
| Q2 2020 | 3.5 |
| Q3 2020 | 5.0 |
| Q4 2020 | 31.6 |
| Q1 2021 | 30.0 |
| Q2 2021 | 27.5 |
| Q3 2021 | 36.0 |
| Q4 2021 | 33.3 |
As Rumble continues to evolve and expand, Chris Pavlovski remains dedicated to maintaining the platform’s core values, ensuring that Rumble remains a supportive and open environment for creators and viewers alike.
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Current Ownership Structure
As a of September, 2022 – Peter Thiel-backed video platform Rumble plans to go public via a SPAC (special purpose acquisition company) deal with CF Acquisition Corp. VI.
The transaction values Rumble at $2.1 billion and is expected to provide the company with $420 million in cash, including a $100 million private investment in public equity (PIPE) from investors like Thiel Capital, Fidelity Management, and BlackRock.
Rumble seeks to leverage this deal to further expand its user base and compete with YouTube.
Peter Thiel Investment in Rumble
In November 2021, Peter Thiel, a well-known venture capitalist and co-founder of PayPal, made a significant investment in Rumble, highlighting the platform’s potential and growing influence in the online video market. Thiel, who is also an early investor in Facebook and a partner at the Founders Fund, invested $6 million in Rumble through his venture capital firm, Thiel Capital.
This substantial investment not only showcases Rumble’s increasing prominence as a viable alternative to YouTube but also demonstrates the confidence that prominent investors like Thiel have in Rumble’s future growth and success. The financial support provided by Thiel Capital allows Rumble to further develop its platform, enhance its features, and expand its user base.
The backing from a renowned investor like Peter Thiel also brings credibility and increased visibility to Rumble, potentially attracting more creators and viewers to the platform. With the additional resources and support from Thiel Capital, Rumble is well-positioned to compete against established players in the online video market, such as YouTube, and continue to champion free speech and fair monetization for content creators.
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Notable investments made by Peter Thiel
| Company | Industry | Year |
|---|---|---|
| PayPal | Payment Processing and Digital Wallet | 1998 |
| Social Media | 2004 | |
| Palantir Technologies | Data Analytics and Security | 2003 |
| Clarium Capital | Global Macro Hedge Fund | 2002 |
| Founders Fund | Venture Capital Firm | 2005 |
| Spotify | Music Streaming | 2009 |
| Airbnb | Vacation Rentals and Travel | 2010 |
| Lyft | Ride-Hailing and Transportation | 2011 |
| Stripe | Payment Processing | 2012 |
| Asana | Project Management and Collaboration | 2008 |
| SpaceX | Aerospace and Space Travel | 2008 |
| Quora | Question and Answer Platform | 2010 |
| Online Community and Content Sharing | 2014 | |
| SoFi | Online Personal Finance Company | 2015 |
| Rumble | Video Sharing Platform | 2021 |
Please note that this list is not exhaustive, and Peter Thiel has made numerous other investments throughout his career.
Rumble’s Growth in Numbers
| Rumble Statistics | |
|---|---|
| Unique users (2021) | Over 30 million |
| Video views (2021) | Over 2 billion |
| Top channels | Dan Bongino, Devin Nunes, Diamond and Silk |
Rumble, founded by Chris Pavlovski in 2013, is a privately held company primarily owned by its founder and other private investors.
The platform has seen significant growth in recent years, with over 30 million unique users and more than 2 billion video views as of 2021.
High-profile investments, such as Peter Thiel’s $6 million investment, showcase Rumble’s potential as a major player in the online video market, providing content creators with an attractive alternative to YouTube.
Q: Who is the founder of Rumble?
A: Rumble was founded in 2013 by Chris Pavlovski, a tech entrepreneur with a background in digital media and online video technology.
Q: Who owns Rumble?
A: Rumble is primarily owned by its founder, Chris Pavlovski, and other private investors.
Q: Has Rumble received any significant investments?
A: Yes, in November 2021, Peter Thiel, co-founder of PayPal and a renowned venture capitalist, invested $6 million in Rumble through his venture capital firm, Thiel Capital.
Q: Why did Peter Thiel invest in Rumble?
A: Peter Thiel’s investment in Rumble showcases the platform’s growing prominence in the online video space and provides the platform with additional resources to compete with established players like YouTube.
Q: Is Rumble a publicly traded company?
A: As of 2022, Rumble went public.
Q: What is Rumble’s mission and vision?
A: Rumble’s vision is to create a platform that prioritizes free speech, content diversity, and provides content creators with transparent and fair monetization opportunities.
Q: How has Rumble grown since its founding?
A: Rumble has experienced significant growth since its founding, with over 30 million unique users and more than 2 billion video views as of 2021.
Q: Is Rumble planning to go public in the future?
A: There are currently no public statements regarding Rumble’s plans to go public. As a privately held company, any plans to go public would be announced by the company at a later date.