Rumble Sends Letter To London Stock Exchange CEO Regarding Russell 3000 Exclusion; Alerts CEO Of Errors By Staff In The Determination For Company Additions
Portfolio Pulse from Benzinga Newsdesk
Rumble Inc. (NASDAQ:RUM) has sent a letter to the CEO of the London Stock Exchange Group (LSEG) regarding errors in the determination of the Russell 3000 Index, which could lead to Rumble's exclusion. Despite repeated requests, LSEG has not corrected the errors in their calculations of Rumble's voting rights.
June 13, 2024 | 8:21 pm
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Rumble Inc. has raised concerns about errors in LSEG's calculations that could lead to its exclusion from the Russell 3000 Index. This could impact investor confidence and the stock price if not resolved.
Rumble's potential exclusion from the Russell 3000 Index due to calculation errors by LSEG could negatively impact investor confidence and the stock price. The company's repeated but unaddressed requests for correction highlight the seriousness of the issue.
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