Stock Track | Rumble Inc. Drops 5.45% in Pre-Market After Surging on Tether's Investment

Stock Track

Dec 24, 2024

Rumble Inc. (RUM) stock plunged 5.45% in pre-market trading on Tuesday, following a sharp 81% surge in the previous session on Monday. The pre-market plunge comes as investors take some profits after Rumble's rally on news of a $775 million investment from cryptocurrency company Tether.

On Monday, Rumble shares soared after the video platform entered an agreement for a $775 million investment from Tether. Tether agreed to purchase around 103.3 million Rumble shares at $7.50 per share. Rumble stated that it anticipates using $250 million to support growth initiatives, with the remaining proceeds to fund a self-tender offer for up to 70 million class A common shares.

The investment from Tether, which owns the namesake stablecoin, provided a significant boost to Rumble, a conservative video content platform that went public in 2022 after merging with a special purpose acquisition company. However, profit-taking appears to be driving the pre-market decline on Tuesday as investors lock in gains from the stock's recent surge.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1111764119"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1111764119\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1111764119?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-24 18:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1111764119","market":"us","top_or_hot":-1,"title":"Stock Track | Rumble Inc. Drops 5.45% in Pre-Market After Surging on Tether's Investment","media":"Stock Track","content":"<p>Rumble Inc. (RUM) stock plunged 5.45% in pre-market trading on Tuesday, following a sharp 81% surge in the previous session on Monday. The pre-market plunge comes as investors take some profits after Rumble's rally on news of a $775 million investment from cryptocurrency company Tether.</p>\n\n<p>On Monday, Rumble shares soared after the video platform entered an agreement for a $775 million investment from Tether. Tether agreed to purchase around 103.3 million Rumble shares at $7.50 per share. Rumble stated that it anticipates using $250 million to support growth initiatives, with the remaining proceeds to fund a self-tender offer for up to 70 million class A common shares.</p>\n\n<p>The investment from Tether, which owns the namesake stablecoin, provided a significant boost to Rumble, a conservative video content platform that went public in 2022 after merging with a special purpose acquisition company. However, profit-taking appears to be driving the pre-market decline on Tuesday as investors lock in gains from the stock's recent surge.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Rumble Inc. Drops 5.45% in Pre-Market After Surging on Tether's Investment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Rumble Inc. Drops 5.45% in Pre-Market After Surging on Tether's Investment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-24 18:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Rumble Inc. (RUM) stock plunged 5.45% in pre-market trading on Tuesday, following a sharp 81% surge in the previous session on Monday. The pre-market plunge comes as investors take some profits after Rumble's rally on news of a $775 million investment from cryptocurrency company Tether.</p>\n\n<p>On Monday, Rumble shares soared after the video platform entered an agreement for a $775 million investment from Tether. Tether agreed to purchase around 103.3 million Rumble shares at $7.50 per share. Rumble stated that it anticipates using $250 million to support growth initiatives, with the remaining proceeds to fund a self-tender offer for up to 70 million class A common shares.</p>\n\n<p>The investment from Tether, which owns the namesake stablecoin, provided a significant boost to Rumble, a conservative video content platform that went public in 2022 after merging with a special purpose acquisition company. However, profit-taking appears to be driving the pre-market decline on Tuesday as investors lock in gains from the stock's recent surge.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RUM","symbol_name":"Rumble Inc.","start_time":0,"source_url":"","article_id":"1111764119","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111764119","pubTimestamp":1735034780,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Rumble Inc.  stock plunged 5.45% in pre-market trading on Tuesday, following a sharp 81% surge in the previous session on Monday. The pre-market plunge comes as investors take some profits after Rumble's rally on news of a $775 million investment from cryptocurrency company Tether.On Monday, Rumble shares soared after the video platform entered an agreement for a $775 million investment from Tether. Tether agreed to purchase around 103.3 million Rumble shares at $7.50 per share. Rumble stated th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RUM":"Rumble Inc."},"translate_title":"Rumble Inc.股价因泰达币投资而飙升，盘前下跌5.45%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RUM":1},"content_text":"Rumble Inc. (RUM) stock plunged 5.45% in pre-market trading on Tuesday, following a sharp 81% surge in the previous session on Monday. The pre-market plunge comes as investors take some profits after Rumble's rally on news of a $775 million investment from cryptocurrency company Tether.\nOn Monday, Rumble shares soared after the video platform entered an agreement for a $775 million investment from Tether. Tether agreed to purchase around 103.3 million Rumble shares at $7.50 per share. Rumble stated that it anticipates using $250 million to support growth initiatives, with the remaining proceeds to fund a self-tender offer for up to 70 million class A common shares.\nThe investment from Tether, which owns the namesake stablecoin, provided a significant boost to Rumble, a conservative video content platform that went public in 2022 after merging with a special purpose acquisition company. However, profit-taking appears to be driving the pre-market decline on Tuesday as investors lock in gains from the stock's recent surge.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}