Rumble Acquires Podcasting and Live Streaming Platform CallIn

LONGBOAT KEY, Fla., May 15, 2023 (GLOBE NEWSWIRE) -- Rumble, the popular video-sharing platform (NASDAQ: RUM), announced today that it has acquired CallIn, the San Francisco-based podcasting and live streaming platform founded by technology entrepreneur and investor David Sacks. Pursuant to the terms of the definitive acquisition agreement, Sacks is slated to join Rumble’s board of directors in the second half of June 2023.

CallIn creates a seamless experience for its users to create, discover, and consume live and recorded content. The CallIn app was built to blend the best aspects of social audio and video with the most attractive features of podcasting. We believe the addition of CallIn’s user-friendly app and post-production tools coupled with Rumble’s substantial creator and user communities will create beneficial synergies, improving the experience of Rumble’s creators and their fans.

“CallIn was launched out of necessity after I personally experienced challenges in producing and curating a podcast. As a result, we built CallIn as the first ‘social podcasting’ platform, where users can stream, take questions, record, edit, publish, and share content with their audience,” said David Sacks, CEO of CallIn and co-founder of Craft Ventures. “As the next step of CallIn’s progression, I am excited to take its capabilities to the next level by joining forces with Rumble, a platform with significant size, influence, and reach,” Sacks added. “As a passionate proponent of the creator economy and the free flow of ideas, I strongly support Rumble’s unwavering commitment to free speech in the face of growing censorship and government overreach.”

Chris Pavlovski, Rumble Chairman and CEO, added “We are beyond excited to have David and the CallIn team become a part of Rumble. The addition of CallIn’s talented team and the capabilities of its product signifies a major step in our journey to deliver greater value and tools to our creators, which will further enhance our user engagement.”

ABOUT RUMBLE

Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit corp.rumble.com

Contact: press@rumble.com

Forward-Looking Statements

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"projects," "assumes," "should" or other similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, and our actual results could differ materially from future results expressed or implied in these forward-looking statements. The forward-looking statements included in this release are based on our current beliefs and expectations of our management as of the date of this release. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward- looking statements include, but are not limited to, our ability to recognize the anticipated benefits of the acquisition of CallIn; the possibility that we may be adversely impacted by economic, business, and/or competitive factors; our limited operating history making it difficult to evaluate our business and prospects; our inability to effectively manage future growth and achieve operational efficiencies; our recent and rapid growth not being indicative of future performance; our inability to grow or maintain our active user base; our inability to achieve or maintain profitability;; our failure to comply with applicable privacy laws; occurrence of a cyber incident resulting in information theft, data corruption, operational disruption and/or financial loss; potential liability for hosting a variety of tortious or unlawful materials uploaded by third parties; negative publicity for removing, or declining to remove, certain content, regardless of whether such content violated any law; impediment of access to our content and services on the Internet; significant market competition that we face; changes to our existing content and services resulting in failure to attract traffic and advertisers or to generate revenue; our dependence on third party vendors; our inability to realize the expected benefits of financial incentives that we offer to our content creators; potential diversion of management's attention and consumption of resources as a result of acquisitions of other companies and success in integrating and otherwise achieving the benefits of recent and potential acquisitions; failure to maintain adequate operational and financial resources or raise additional capital or generate sufficient cash flows; adverse effect on our business by compliance obligations imposed by new privacy laws, laws regulating social media platforms and online speech in the U.S. and Canada; and those additional risks, uncertainties and factors described in more detail under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, and in our other filings with the Securities and Exchange Commission. We do not intend, and, except as required by law, we undertake no obligation, to update any of our forward-looking statements after the issuance of this release to reflect any future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

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