Getting Closer To Make Or Break For Rumble [Seeking Alpha]
WPP plc American Depositary Shares (WPP)
US:NYSE Investor Relations:
wpp.com/wpp/investor/financialnews
Company Research
Source: Seeking Alpha
Summary Rumble reported a 10% year-over-year revenue decline in Q2-24, marking its first such decline, with rising operating expenses and a depleting cash reserve. Video streaming competition from YouTube, and now X as well, makes Rumble's growth and sustainability highly uncertain. Despite personal support for free speech platforms, I remain skeptical about Rumble's long-term investment potential given its financial struggles and competitive landscape. EyeEm Mobile GmbH/iStock via Getty Images It's been a little under a year since I last covered Rumble NASDAQ: RUM ) for Seeking Alpha. In three articles between November 2022 and September 2023, I've rated the stock a "hold" every single time. My hesitation over these last 2 years has generally stemmed from the company's overvaluation and the uphill battle Rumble's flagship platform has against the current UGC-streaming media giant that is Google-owned ( GOOG ) YouTube. Last September, I pointed out Rumble's glaring Achilles
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News
- WPP plc (NYSE: WPP) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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- WPP plc (NYSE: WPP) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Are Investors Undervaluing WPP (WPP) Right Now? [Yahoo! Finance]Yahoo! Finance
WPP
Sec Filings
- 11/14/24 - Form SC
- 11/6/24 - Form 6-K
- 11/1/24 - Form 6-K
- WPP's page on the SEC website