11:23 AM EDT, 03/12/2024 (MT Newswires) -- (Updates with the company's latest stock move in the headline and first paragraph.)

Rumble (RUM) shares jumped more than 15% in recent Tuesday trading, a day after the company said it launched Rumble Cloud, its new infrastructure as a service offering computing services, storage, load balancers and a virtual private cloud option.

The service offers monthly plans at fixed prices with unlimited usage.

Among the first clients was Truth Social, the social media network launched by Donald Trump, and the presidential campaign of Robert F. Kennedy Jr.

"Our cloud will bring top network speed and quality, but most importantly, we plan to disrupt the market with our pricing strategy," said Rumble Chairman and Chief Executive Chris Pavlovski.

Price: 7.74, Change: +1.06, Percent Change: +15.87