Rep. Byron Donald (R-Fla.) said in a letter to SEC Chairman Gary Gensler that an investigation into free speech platform Rumble could impact the site’s role in the 2024 presidential election. He said that there is a possibility that it is giving.
In a letter obtained by Breitbart News (see below), Mr. Donald wrote on his behalf to Securities and Exchange Commission Chairman Gensler. Confirmed to wired Financial regulators have reportedly launched an investigation into Rumble.
Letter to Gensler Rumble Investigation by Breitbart News On Scribd
In April 2023, activist investor group Calper Research released a report that found Rumble was inflating its monthly active user (MAU) numbers, a key metric for social media companies. Calper Research holds an active short position in Rumble, meaning the company could potentially profit if Rumble stock declines.
Rumble CEO Chris Pavlovsky has strongly denied any wrongdoing and accused the SEC of colluding with Culper Research.
Donald said of the timing of the investigation, which “reeks” of “political interference.”
It’s no secret that Rumble has become famous for serving as a great free speech alternative to Big Tech media platforms. Rumble, which went public in September 2022, is quickly becoming one of the centers of political and social debate. In 2023, Rumble was granted exclusive online streaming rights to the Republican presidential primary debates, which are home to many people who have been unfairly censored or deplatformed by Big Tech, often in conjunction with the federal government. . The timing of this investigation, with the presidential election cycle in full swing, suggests efforts to implicitly or explicitly influence Rumble’s role in the 2024 election, under the constant threat of litigation. ing.. [Emphasis added]
In light of these concerns, Mr. Donald requested to know the following:
- If the SEC is contacted by someone at the Culper Institute.
- If someone at the SEC relied on the Culper Institute report in launching an investigation into Rumble;
- If the Biden Administration Contacts the SEC About the Rumble Investigation
Pavlosky wrote on X (formerly Twitter) in January:
playbook to destroy $RUM (Rumble) Short sellers create false reports and submit them to the SEC. SEC investigates false reports. The short seller then talks to the media and hears about how the SEC is investigating the report she initiated. The media is happy to write about it. This report is false, but that doesn’t matter. It’s all about getting investors to sell their stocks and short sellers to make a profit. Good news, it doesn’t work. We saw the attack coming and prepared for it. Before going public, we decided to use Google Analytics to track and report on her MAU to help us prepare for this moment. This is just the beginning and they will pick us up in his 2024.
He added, “They won’t survive the Rumble mission, but they will soon learn how much we fight back.”
playbook to destroy $RUM (Rumble)
Short sellers create false reports and submit them to the SEC. SEC investigates false reports. The short seller then talks to the media and hears about how the SEC is investigating the report she initiated. …
— Chris Pavlovski (@chrispavlovski) January 8, 2024
Sean Moran is a policy reporter at Breitbart News. Follow him on Twitter @SeanMoran3.
