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

Rumble, a YouTube competitor, has secured a $775 million strategic investment from stablecoin leader Tether. Of this, $250 million will bolster Rumble's operations, while the remainder will fund a tender offer for 70 million shares at $7.50 each. Rumble's CEO envisions Tether as a partner to accelerate growth, especially as trust in legacy media wanes, creating demand for Rumble's uncensored platform. Following the news, RUM shares surged 41% in after-hours trading, reaching $10.13. Discover how Rumble aims to capitalize on this investment and reshape the media landscape. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk