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Technology

Creating a Conservative Internet Infrastructure Requires Significant Financial Investment

Horizonstocks

The article discusses two startups, TMTG and Rumble, that are struggling to cover their expenses in the realm of social media. Both companies have ambitious plans to build out commercial-grade cloud infrastructure, but they lack the necessary capital to do so.

TMTG, which is also behind the Truth Social platform, has a SPAC (Special Purpose Acquisition Company) deal that is facing regulatory hurdles. The company’s legal issues are described as "bumbling" and almost humorous by the article.

Rumble, on the other hand, has a more serious approach to its cloud ambitions. It has launched a beta release of Rumble Cloud, which includes cloud compute, storage, and networking services. However, the article notes that Rumble’s cloud revenues are not broken out separately in its earnings report, so it’s unclear how much revenue these services are generating.

The article suggests that both TMTG and Rumble will need to secure more funding to pursue their ambitious plans. Major cloud providers such as Amazon Web Services (AWS) and Microsoft Azure spend billions of dollars per quarter on expanding their public cloud offerings.

Overall, the article highlights the challenges faced by startups in the social media space, particularly those with ambitious goals to build out commercial-grade cloud infrastructure.

Some key points from the article include:

  • TMTG’s SPAC deal is facing regulatory hurdles and may not be successful.
  • Rumble has launched a beta release of its Rumble Cloud service, which includes cloud compute, storage, and networking services.
  • Both TMTG and Rumble lack sufficient capital to pursue their ambitious plans.
  • Major cloud providers are spending billions of dollars per quarter on expanding their public cloud offerings.

The article raises questions about the viability of these startups’ plans and whether they will be able to secure the necessary funding to achieve their goals.