Rumble Shares Continue to Soar with Gains Up to 100%

Investing.com -- Shares of video sharing platform and cloud service provider Rumble continued their gains of up to 100% on Monday after the announcement last week of a strategic investment from Tether, a leading company in the digital asset sector. The $775 million investment from Tether, widely recognized for its dollar-pegged stablecoin, represents a significant influx of capital for Rumble, which is gaining attention in the rapidly growing online video space. With over 350 million users worldwide, Tether is a well-known symbol of financial inclusivity in the digital asset sector, and its investment is expected to strengthen Rumble's position in the market. Details of the deal’s specific terms were not disclosed in Rumble's announcement on Friday.