Episode Details
Back to EpisodesReady to Rumble 🥊 — Rumble is going public. Ukraine’s economy isn’t looking good. And Volkswagen is spinning Porsche off.
Description
Toronto-based video site Rumble, which bills itself as a free speech alternative to sites like YouTube, went public after a successful SPAC merger valuing the company at US$2 billion.
While Ukraine’s war efforts have garnered positive results in recent weeks, its economic prospects are looking increasingly bleak as it continues to seek outside help.
Porsche, owned by Volkswagen Group, will debut on the Frankfurt Stock Exchange later this month, selling ~25% of its shares with hopes of fetching a valuation of US$75 billion.
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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.