12:12 PM · 23 December 2024

Rumble shares gain 44% after Tether investment 🚀

Shares of Rumble (RUM.US), a direct competitor of YouTube, are gaining nearly 44% before the start of today's session after Tether, the issuer of the world's largest stablecoin USDT, decided to purchase $775 million worth of the company's shares. The average purchase price is $7.5 per share.

The investment between Tether and Rumble marks a partnership dedicated to promoting decentralization and protecting freedom of expression.

Source: xStation

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