Summary: Rumble is an online video hosting service that is publicly traded on the Nasdaq with the ticker RUM. This guide will explore the company and how to buy Rumble stock using trading platforms such as eToro.
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About Rumble
The platform’s core value is to allow content creators to share their ideas without fear of being ‘canceled’. However, Rumble still prohibits ‘racism, anti-semitism, hatred, and content that is offensive to the community’. Described by many as ‘alt-tech’, it has become known as a bastion for conservative voices and the right-wing factions of American society. On the other hand, its dedication to upholding the freedom of speech has made headlines and led to the New York Attorney General rescinding letters requesting censorship over Israel-Hamas war in October 2023.
The controversy and the platform’s leverage on a portion of the U.S. customer base have given attention to the Rumble stock. This is precisely why a guide on how to buy Rumble stock might come in handy to many investors.
Rumble IPO
Rumble went public on September 16, 2022, when it was valued at $2.6 billion. The IPO allowed people to invest in the censorship-free YouTube alternative for the first time. If you are also interested in buying Rumble stock, we will explore the process details below.
How to buy Rumble stock: step-by-step process
As Rumble is a publicly-listed company, you can buy its stock using an investment platform or an online brokerage. To do this, go through these five steps:
Step 1: Choose a broker
When choosing a broker, consider the following factors:
- Range of offerings: The brokerage of choice should, of course, have RUM available, but also other investment instruments that can be of interest to you, like other stocks, commodities, forex, and cryptocurrencies;
- Cost: You should look for as low as possible investing-associated fees and expenses. However, most online brokerages provide commission-free trading and no-minimum accounts when trading stocks and ETFs;
- Regulation and security: Look for a brokerage that goes along with the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA)’s regulations. When it comes to security, look for two-factor authentication (2FA) and similar advanced measures;
- Fractional stock trading: Platforms that enable fractional stock trading allow you to buy stocks by the dollar amount, which suits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.
To securely buy Rumble stock (RUM), we recommend using eToro, a regulated brokerage that offers:
- Commission-free stock trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Open and fund your account
Register an account with your chosen brokerage and fund your account via a bank transfer, a debit, credit, prepaid card, or a third-party payment provider like PayPal.
Step 3: Decide how much you want to invest
Before you purchase Rumble stock, you need to decide how much you want to buy. To help you decide, ask yourself these two questions:
- Can I afford to lose this money without affecting my living standards?
- Have I managed my daily expenses, left some emergency savings, and repaid all my high-interest debt?
Besides these, your decision will depend on your investment style and risk tolerance. The gist is that you must be content in the case of loss.
Remember
Step 4: Place your order and buy Rumble shares
After you have chosen the amount you want to invest in Rumble, you should place your order. Go through the following process.
- Step 1: Log into your investing platform account and search for the company’s ticker stock symbol RUM;
- Step 2: Input the number of shares you wish to purchase;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Submit the trade.
Step 5: Monitor and manage your investment
The investment process is still ongoing after you buy Rumble stock: you need to monitor and manage your portfolio. Check to confirm the company’s fiscal performance, the current political climate, and the public’s opinion of Rumble, which will affect its stock price.
Having fresh and relevant data helps prevent unforeseen declines in your investment. Knowing why to invest in Rumble is as important as knowing how to invest in Rumble. The more you know, the better your investing odds.
Rumble stock price today
Common mistakes to avoid when buying Rumble stock
Before you purchase any Rumble shares, make sure you are familiar with some common mistakes that cost investors before you. Some examples of these include:
- Lack of research: Insufficient research often leads to errors. Avoid investing in stocks without the necessary background information;
- Lack of strategy: Come up with an investment objective before you enter the market for better planning and a greater likelihood of success;
- Short-term thinking: Deciding when emotionally charged can steer you away from your goals and into mistakes. Preserve rational, long-term thinking when investing in stocks;
- Staking everything on one asset: Nothing stops you from putting all you have into Rumble. You should still avoid it, as betting on a single asset can have disastrous consequences;
- Falling prey to scams: Avoid shady deals and platforms. Retrace your steps if you start feeling uneasy.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Rumble stock
Is Rumble publicly traded?
Yes, Rumble is currently listed on NASDAQ and trading under the ticker RUM.
Can you buy stock on Rumble?
Rumble is a publicly traded company, which means its stock is available on the NASDAQ exchange under the stock ticker symbol RUM. You can invest in Rumble by using the services of a third-party brokerage like eToro.
Should I invest in Rumble?
The answer depends on your investing strategy and preferences, as well as your thoughts about Rumble’s future performance and opinion of their business and ethical practice.
How do I sell my Rumble stock?
Selling away your Rumble stock is straightforward: log into your brokerage account, find the stock’s detail page, type in the number of shares or dollar amount you want to offload, and press ‘sell’.
Where to buy Rumble stock?
You can purchase Rumble stock through third-party online trading platforms, including eToro.
Who owns the most stock in Rumble?
The biggest shareholders of Rumble Inc., as listed on the Marketscreener, include Bongino, Inc., holding approximately 13.58% of the shares, and Robert Arsov, holding around 12.8% of the shares.
Who is invested in Rumble?
Rumble has received investments from various public figures and entities such as Peter Thiel, co-founder of PayPal, and Narya Capital, a venture capital firm co-founded by JD Vance.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
