YouTube competitor opens new Longboat Key headquarters | Business Observer

The California tech company party balloon has landed on Longboat Key — along with a sweet bottle of rum. The rum comes from Rumble. The publicly traded video-sharing platform, which rose to national prominence by catering to a conservative-leaning audience, especially during the pandemic, officially opened its new U.S. corporate headquarters Feb. 27 on Longboat Key. It celebrated the opening with a party Feb. 24 attended by some notable video content providers and national and local convservative luminaries, including Donald Trump Jr. The company’s main corporate offices were previously in Toronto. Traded on the Nasdaq under the symbol RUM, Rumble has been operating in some capacity on Longboat for more than a year. It reported revenue of $22.36 million in the trailing 12-month period through February — more than double the $9.4 million it did in 2021. The revenue gains have been accompanied by heavy losses, including $20.8 million in the past 12 months. Rumble shares closed at $9.34 on March 6. Rumble, which went public Sept. 19 through a merger with a special purpose acquisition company, known as a SPAC, makes most of its money from ad revenue, where rates increase based on viewership metrics. On that front, Rumble has been on
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