Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41%

Quick Summary:

RUM shares have rocketed higher by 41% in after hours action to $10.13.

"I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth," said Rumble CEO Chris Pavlovski.

YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether.

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Article Details

Author / Journalist: Stephen Alpher

Category: Crypto

Markets: United StatesCuba

Topics: Bullish Offer Tether Million Rumble Shares Coindesk Updated Price 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 22:15:34 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 167 words

Reading Time: 1 minutes read

Sentences: 21 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24571286

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