Rumble shares surge 46% in pre-open trade on $775M investment from Tether
Shares of Rumble (NASDAQ:RUM) surged over 46% in pre-open trade on Monday following a $775 million investment from Tether, the digital assets company behind the widely used USDT stablecoin. This deal, which underscores a growing partnership between the worlds of cryptocurrency and free speech, is expected to accelerate Rumble’s growth and provide liquidity for its stockholders. According to a statement from Rumble’s CEO, Chris Pavlovski, the collaboration with Tether is particularly exciting due to the shared values of decentralization, transparency, and the fundamental right to free expression.