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Rumble Stock Soars 28% After $775 Million Investment from Tether

Moomoo News ·  Dec 26 23:57

Video platform $Rumble (RUM.US)$ saw its stock surge more than 28% shortly before 11 am ET Thursday on news of a $775 million investment from $Tether (USDT.CC)$. The deal, announced Monday, involved Tether purchasing 103.3 million Rumble shares at $7.50 each, with $250 million earmarked for Rumble's growth initiatives and the remainder set aside for a stock buyback.

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