Former US President Donald Trump’s social media venture said on Tuesday it had signed a cloud technology and services agreement with Canadian video platform Rumble.
As part of the deal, Rumble will provide video and streaming for TRUTH Social, Trump’s proposed social media app.
Rumble was launched in 2013 by tech entrepreneur Chris Pavlovski as an alternative YouTube-style website and was very popular among conservatives in the US looking for an alternative to Big Tech. Its most trending videos include videos from conservative commentators Dan Bongino and Dinesh D’Souza, as well as former Trump White House strategist Steve Bannon. It is backed by venture capitalist Peter Thiel and US Senate candidate, JD Vance, through Narya Capital.
On December 1, Rumble said it would list shares by merging with drum testing company CF Acquisition Corp VI with an initial corporate value of $2.1 billion. The combined company will be called Rumble and is expected to list on Nasdaq.
Former Trump administration attorney Michael Ellis joined Rumble in November as its first general counsel and company secretary.
The announcement from the Trump Media and Technology Corporation comes hours after Rumble said it had severed business ties with Tremor International and Unruly Group, companies that Rumble said tried to moderate personalities. conservative Dan Bongino.
TMTG has provided some details on how it plans to create an alternative social media platform, streaming service, news division and cloud provider to compete with established players. Try in those categories.
The company said on December 6 that U.S. Representative Devin Nunes, the top Republican on the House Intelligence Committee, will leave Congress to become chief executive officer of the new venture and will take over this role in January.
Nunes is an ardent Trump supporter, voting against Democrat Joe Biden’s 2020 election victory certification following Trump’s false claims of election fraud.