The following is an excerpt from Just The News.
The U.S. Securities and Exchange Commission concluded its investigation into Rumble Inc. and said it will not recommend any actions against the video-sharing website, marking the latest regulatory clearance of a social media platform promoting free speech across the globe.
“We have concluded the investigation as to Rumble Inc. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Rumble Inc.,” SEC Assistant Regional Director Sarah Mallett told Rumble on Tuesday in a letter obtained by Just the News.
The announcement regarding Rumble comes after Truth Social, former President Donald Trump’s social media platform, said last week that it cleared its final regulatory challenge with the SEC to be able to merge with Digital World Acquisition Corp. following nearly two years of delays.
The SEC confirmed in Jaunary it was investigating Rumble, per tech outlet Wired following allegations that the platform inflated important user metrics.
The company denied the allegations and Rumble founder and CEO Chris Pavlovski accused the regulatory agency of acting in response to a “bogus report” from Culper Research, an investment research firm and short seller, in an effort to damage Rumble.
Link to article here.
The Lemonade Mermaid Store
Unique gifts for Land or Sea Mermaids, Mer-pets and Little Mermaids!
Left: Pastel Beach Necklace $16
