BUZZ-Rumble surges after cloud deal with El Salvador government

Reuters

01-13

BUZZ-Rumble surges after cloud deal with El Salvador government

** Shares of video-sharing platform and cloud services provider Rumble RUM.O rise 5.4% to $11.55 premarket

** The company announces a cloud services agreement with the government of El Salvador on Friday

** RUM's services to the country will include cloud storage and cloud computing, databases and integration of Kubernetes, a popular open-source technology, on its cloud platform

** RUM received a strategic investment of $775 mln from blockchain-enabled platform Tether in December, which sent its stock soaring over 81% in the following trading session

** Backed by venture capitalist Peter Thiel and U.S. Vice President-elect JD Vance through Narya Capital, RUM has a $3.11 bln market cap, according to data compiled by LSEG, as of last close

** RUM stock jumped more than 189% in 2024

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))

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18:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Rumble surges after cloud deal with El Salvador government</title></head><body><p>** Shares of video-sharing platform and cloud services provider Rumble <span>RUM.O</span> rise 5.4% to $11.55 premarket</p><p>** The company announces a cloud services <span>agreement</span> with the government of El Salvador on Friday </p><p>** RUM's services to the country will include cloud storage and cloud computing, databases and integration of Kubernetes, a popular open-source technology, on its cloud platform</p><p>** RUM received a strategic investment of $775 mln from blockchain-enabled platform <span>Tether</span> in December, which sent its stock soaring over 81% in the following trading session </p><p>** Backed by <span>venture capitalist</span> Peter Thiel and U.S. Vice President-elect JD Vance through Narya Capital, RUM has a $3.11 bln market cap, according to data 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Vance through Narya Capital, RUM has a $3.11 bln market cap, according to data compiled by LSEG, as of last close** RUM stock jumped more than 189% in 2024 (Reporting by Sanchayaita Roy in Bengaluru) ((sanchayaita.roy@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}