CF VI (CFVI) Tumbles on Joe Rogan’s Rumble Rejection
by Nicholas Alan Clayton on 2022-02-09 at 2:08pm

CF VI (NASDAQ:CFVI) has fallen about -15% in afternoon trading after a report that popular podcast host Joe Rogan has rejected an offer to transfer his show to the platform of CF VI’s target, Rumble.

The SPAC was riding a two-day surge, which saw it hit a high of $18.52, after Rumble tweeted a $100 million offer sent by its CEO to get Rogan to switch to their social content platform. Rogan has had a bumpy few weeks at his show’s current home, Spotify (NYSE:SPOT), but Variety reported that he told a stand-up audience in Austin, Texas on Tuesday evening that he was staying put.

Spotify’s shares are correspondingly up 3.9% on the report, erasing its losses from earlier in the week amid the Rogan situation. Other “conservative stocks” also experienced bumps alongside Rumble’s earlier jump, including Digital World (NASDAQ:DWAC), which has a pending combination with Trump Media & Technology Group. It is now down about -3.4% on the day, but this could also be related to reports that Trump Media would be once again delaying the launch of its social media platform.

 

 

CF VI (CFVI) Tumbles on Joe Rogan’s Rumble Rejection
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