Provider of video-sharing and cloud services Rumble (RUM, Financials) said Friday that it has signed a cloud services deal with the Government of El Salvador. Providing cloud storage, compute services, databases, load balancers, and Kubernetes integration to the Central American country will be part of the cooperation.
RUM shares rose 1.3% to $11.10 by 12:52 p.m. EST Monday, gaining $0.14 from the previous close.
The business said that the arrangement marks a turning point as it shows Rumble's capacity and dependability in managing compute demands and important government data. The business underlined the value of its autonomous infrastructure as a substitute for big technological companies, which it contends fits with worldwide trends stressing freedom and independence in technology.
By means of its National Bitcoin Office, the government of El Salvador said that the collaboration embodies shared values of innovation, freedom, and prosperity. Officials said that Rumble's ideals align with the objectives of the nation, hence the cooperation fits naturally with possible long-term gains for both parties.
Based on Longboat Key, Florida, Rumble bills itself as a protector of free and open internet access. The infrastructure services of the firm appeal to customers looking for freedom from established Big Tech suppliers.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。