Rumble shares are trading lower after the company reported a sequential decline in Average Global MAUs.
Portfolio Pulse from Benzinga Newsdesk
Rumble's shares are trading lower following the company's report of a sequential decline in Average Global Monthly Active Users (MAUs).
August 15, 2023 | 1:55 pm
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NEGATIVE IMPACT
Rumble's stock is trading lower due to a reported sequential decline in Average Global MAUs.
Monthly Active Users (MAUs) is a key performance indicator for tech companies like Rumble. A decline in MAUs suggests less user engagement, which could potentially lead to lower revenues. This negative news is likely to impact investor sentiment, causing the stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100