Lads,
If you fire a bullet straight up ... whether it's fired from a rifled barrel or a smoothbore ... it will land in a different spot than it was fired from. Assuming no debris in the way, it still is affected by air friction and humidity, air density depending on elevation, and let's not forget that even if the ball goes straight up (perpendicular to the earth's surface at that point of origin) that surface is moving as the earth rotates. The spot it is fired from will move out from under it while it's in the air and the ball will come down someplace else. As far as whether it will still be rotating or in which direction that depends on so many factors I doubt it's worth the trouble and time to calculate --- but I'm equally certain that someone on this forum will try.
To answer (again) the original question: A rifle bullet fired does not go faster after it leaves the barrel. That's true for forward motion and for rotational motion also. It slows down both ways. Period. Once the ball leaves the muzzle, the only forces acting on it to change it's travel in any way are air friction, gravity, and the resistance of anything it hits, be they leaves or twigs or living critters. All of those things absorb energy from the moving projectile and act to slow it down and ultimately stop it.
When I was little one of the toys I had was a metal top -- the kind that spins. It was formed of sheet metal, maybe 4 inches wide at it's widest point tapering to a rounded point on the bottom and it had a spiral steel stem projecting from the top with a wooden handle like a drawer pull knob. By withdrawing the handle and stem and then pressing it down you started the top spinning. How fast it spun depended on how hard you pushed ---- and you could lift it by the handle to withdraw the stem again and pump it again without waiting for it to slow down, and get it going even faster ---- but no matter how fast you got the dang thing going , as soon as you quit adding energy to it, it started slowing down. Always.
Fired bullets ... ball or conicals ... act exactly the same way.
For any folks who still want to debate and are tired of this topic too, try this one:
What's the difference between a duck?