Rumble Inc shares were on the move again this morning after the streaming platform and cloud services provider announced the launch of its new live-streaming tool, Rumble Studio.
According to the press release: “The all-in-one tool for creators simplifies the live streaming experience for Rumble creators, allowing them to easily stream video to multiple platforms, invite guests, and engage with their audience.
“In addition, creators can access powerful video enhancement tools and integration across the Rumble ecosystem. Rumble Studio has easy-to-use integrations with Locals, YouTube, Twitch, X, and Facebook. In addition, users can stream to platforms like Kick.”
The announcement comes just one day after Rumble unveiled a partnership with Barstool Sports, which also provided a boost to its share price.
Rumble shares opened 18% higher at $5.68 on Tuesday, bringing its week-on-week performance close to 50%.
Despite the near-term rally, Rumble shares remain more than 40% lower year on year.
The platform has attracted criticism for giving a platform to controversial political figures, as well as not following its competitors in banning Russian state-sponsored content.
Rumble’s cloud services business also hosts Truth Social, the social media site established by Donald Trump, founder of Trump Steaks and the GoTrump.com search engine.