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☆ Retail trader demand for Rumble stock hits record after Trump picks Vance for VP nominee
▼ + stars: | 2024-07-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Republican nominee Donald Trump's choice of a former venture capitalist as his vice presidential nominee could be attracting retail traders to one of the companies JD Vance backed, according to JPMorgan. JPMorgan analyst Kamal Tamboli said in a note to clients Wednesday evening that retail traders are piling into Rumble , a YouTube competitor aimed at conservatives. "Retail traders appear to be closely following US election developments with demand for RUM reaching a quarterly record after the announcement of J.D. Vance as the Vice Presidential nominee for the Republican party," the note said. RUM 5D mountain Shares of this company linked to JD Vance are up 17% this week.

Persons: Donald Trump's, Vance, Kamal Tamboli, Rumble, Narya, JD Vance Organizations: JPMorgan, Republican, Narya Capital, Trump, Trump Media

☆ JD Vance tried to be a VC. He didn't do much, old colleagues said.
▼ + stars: | 2024-07-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

But his former colleagues previously told Business Insider in a 2021 report that his business expertise wasn't that noteworthy. AdvertisementVance's former coworkers previously told BI that Vance was away from his new job much at the time to promote his book. Trump's campaign also didn't respond to a request for comment about how Vance's old colleagues characterized his VC work. AdvertisementVance's time at Revolution did provide him the connections needed to go off and start his own VC firm, Narya Capital, in 2019. "There are a thousand red flags," Jeff Sohl, director of the University of New Hampshire's Center for Venture Research, previously told BI.

Persons: —, Donald Trump's, JD Vance, Trump, Vance, Peter Thiel, didn't, weren't, Steven Case's, Narya, Jeff Sohl, Donald Trump Organizations: Service, Technology, Finance, Business, Mithril, BI, Narya, Politico, University of New Hampshire's Center for Venture Research Locations: Ohio, San Francisco

AdvertisementThe Thiel effectFor Vance, Thiel's influence first left its mark when he was still a student. Thiel also got a shoutout on the acknowledgments page of Vance's 2016 book, "Hillbilly Elegy." The former PayPal CEO has given $15 million to Vance's campaign, Politico reported — the largest donation ever given to one Senate candidate. AdvertisementOne of Trump's biggest donors in the 2016 presidential campaign, Thiel has re-emerged as a key player in the MAGA movement after largely sitting out the 2020 election. Thiel also appears to have pulled some of his Silicon Valley strings to advance Vance's campaign.

Persons: —, JD Vance, Peter Thiel, Vance, Donald Trump, Thiel, Palantir, Elon Musk, Thiel's, meaninglessness, Tolkien, Steve Case, Trumper, Win McNamee, MAGA, Trump, David Sacks, Musk, Sacks, Tucker Carlson, Nordin Catic, Mark Zuckerberg Organizations: Service, Republican National Convention, Republican, White, Business, PayPal, Trump, Bloomberg, Yale, Yale Law School, Thiel's, Mithril, Narya, Politico, Republican Party, Fox News, Cambridge University Union, Facebook, Palantir Technologies, Spotify Locations: Milwaukee, Ohio, Mithril, Mar, Cambridge, England, Airbnb

☆ Republican J.D. Vance defeats Democrat Tim Ryan in Ohio Senate race, NBC News projects
▼ + stars: | 2022-11-08 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

US Senate Republican candidate JD Vance speaks to attendees the stage at a rally held by former U.S. president Donald Trump in Youngstown, Ohio, September 17, 2022. Vance and Ryan were vying for the seat made vacant by retiring two-term Republican Sen. Ohio has shifted to be more reliably Republican in recent elections, voting for former President Donald Trump in both 2016 and 2020. Republican J.D. In the final weeks of the campaign, Ryan received little support from Democrats on the national level.

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