Rumble went public last year and the insiders were instantly made very rich at least some paper. They raised hundreds of millions of dollars they raised around a pipe financing which is like another bit of private equity chocolate syrup on top of your spak or sunday. The company has pledged to spend more than a hundred million on talent but are losing 20 30 maybe more million per year so they could easily burn through that pretty quickly plus the stock once people start selling in the fall who knows?
Paris Marx is joined by Jacob Silverman to discuss how the right-wing of the tech industry are funding media platforms like Rumble to reshape the political discourse and why they’re helping Robert F. Kennedy Jr. challenge Joe Biden.
Jacob Silverman is a journalist and the co-author of Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud. He’s also the host of The Naked Emperor on CBC Podcasts. You can check out Jacob’s Substack.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
The podcast is produced by Eric Wickham and part of the Harbinger Media Network.
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