Posted on May 10, 2023
Tucker Carlson’s Twitter Move Wipes $473 Million From Rumble
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Conservative social media is cutthroat and one platform lost money after former Fox News star went to a competitor.
Tucker Carlson’s Twitter Move Wipes $473 Million From Rumble
Posted from finance.yahoo.com
Finance
Social Media
Posted 1 y ago
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Looks like it was mostly the increase that happened after Carlson left Fox and was anticipated to go to Rumble.
Rumble rallied 6% on the day Carlson was ousted from Rupert Murdoch’s Fox empire and had gained 17% through Tuesday’s close.
Tucker Carlson’s plan to start a new show on Twitter erased $235 million in value from video platform Rumble less than three weeks after his move from Fox Corp. sent shares spiraling (down 12%. The move pushed the Peter Thiel-backed video network down as much as 12%, before trimming losses by half (I was wondering where the discrepancy between the $473 from the headline you posted and the $235 in the story .. must have changed the headline after you posted)
Rumble rallied 6% on the day Carlson was ousted from Rupert Murdoch’s Fox empire and had gained 17% through Tuesday’s close.
Tucker Carlson’s plan to start a new show on Twitter erased $235 million in value from video platform Rumble less than three weeks after his move from Fox Corp. sent shares spiraling (down 12%. The move pushed the Peter Thiel-backed video network down as much as 12%, before trimming losses by half (I was wondering where the discrepancy between the $473 from the headline you posted and the $235 in the story .. must have changed the headline after you posted)
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