((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(updates)
Nov. 12 – **Shares of video and cloud services provider Rumble RUM.O fall 8% to $6.3 in extended trading
** Company's third-quarter net loss widens to $31.5 million, from $29 million a year earlier
** Average revenue per user for the third quarter was 33 cents, compared to 37 cents in the second quarter
** “Given that we are currently in the early stages of monetizing our user base, we expect to see some lag in revenue versus users, particularly during periods of high user growth “, the company said
**Rumble is backed by venture capitalist Peter Thiel and
US Vice President-elect, JD Vance, through Narya Capital
** Last Wednesday, Rumble shares rose 7.7% after Mr. Trump surpassed the 270 Electoral College votes needed to win the presidency
**Stocks are up 52.12% year to date
