Rumble Sees 100% Share Gains

Investing.com — Rumble, a video-sharing platform and cloud services provider, extended its share gains to 100% on Monday. This followed last week's announcement of a strategic investment from Tether, a leading company in the digital assets industry.

The $775 million investment from Tether, known for its widely used dollar stablecoin, signifies a substantial capital injection into Rumble, which is gaining attention in the rapidly growing online video space.

Tether, which has over 350 million users globally and is a recognized symbol of financial inclusion in digital assets, is expected to enhance Rumble's market position.

Rumble's announcement on Friday did not reveal the specific terms of the deal.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.