Buy, Sell, Or Hold RUM Stock At $13? [Forbes]
Rumble Inc. - Class A (RUM)
Company Research
Source: Forbes
NurPhoto via Getty Images The stock price of Rumble Inc. (NASDAQ: RUM), a video sharing platform, was up a large 81% on Monday, December 23. The surge came after the company announced that Tether – a digital payment system that uses blockchain technology – will invest $775 million in Rumble. The company's press release stated that Tether will own a stake in the company, but it will not nominate any directors to Rumble's board. It will use $525 million for a self-tender offer of 70 million shares at the price of $7.50 per share – the same price Tether offered for Rumble. The company intends to invest the balance of $250 million in growth initiatives. This surely is a positive development for Rumble, which has been struggling with user engagement issues on its platform. The company competes with BitChute, Odysee, and YouTube, among other video-sharing platforms. With an intense competition in this space, it is challenging for Rumble to offer relevant and engaging content and attrac
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RUM
News
- Rumble Inc. (RUM): A Firm Mirror Broader Market Downturn Ahead of 2025 [Yahoo! Finance]Yahoo! Finance
- Rumble stock price soars to fresh highs after Tether invests in the YouTube alternative [Yahoo! Finance]Yahoo! Finance
- Rumble Announces $775 Million Strategic Investment from TetherGlobeNewswire
- Correction: Rumble Will Host the Uncensored 4th Season of “Surviving Barstool”GlobeNewswire
- Rumble Will Exclusively Host the Uncensored 4th Season of “Surviving Barstool”GlobeNewswire
RUM
Earnings
- 11/12/24 - Miss
RUM
Sec Filings
- 12/31/24 - Form PRE
- 12/27/24 - Form SCHEDULE
- 12/27/24 - Form SCHEDULE
- RUM's page on the SEC website