Rumble: Don't Chase Tether Deal (NASDAQ:RUM) - Seeking Alpha

Dec 23, 2024  · Rumble stock surged due to a $775M investment from Tether, but the deal involves a tender offer at $7.50 per share. Find out why RUM stock is a Strong Sell.


Install CouponFollow Chrome Extension   CouponFollow Extension

$775
OFF

Rumble: Don't Chase Tether Deal (NASDAQ:RUM) - Seeking Alpha

1 week from now

Dec 23, 2024  · Rumble stock surged due to a $775M investment from Tether, but the deal involves a tender offer at $7.50 per share. Find out why RUM stock is a Strong Sell.

seekingalpha.com

$775
OFF

Rumble Continues Rallying In Heavy Volume Trading After

1 week from now

Dec 23, 2024  · Shares in conservative video content platform Rumble (NASDAQ:RUM) nearly doubled on Monday, extending Friday's post-market gains after it received a $775M …

seekingalpha.com

$775
OFF

YouTube Competitor Rumble (RUM) Gets $775M Investment From …

1 week from now

Dec 20, 2024  · YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether. Rumble will use $250 million of the money to support …

coindesk.com

$775
OFF

After $775 Million Tether Investment, Rumble's Tender Offer Should ...

1 week from now

Dec 23, 2024  · Rumble Inc.'s plan to use some of the proceeds from a $775 million investment from cryptocurrency giant Tether to fund a self-tender offer will alleviate investor liquidity …

morningstar.com

$775
OFF

Tether's $775M Power Move: Rumble's Decentralized Media …

1 week from now

Dec 23, 2024  · Here's the deal: $250 million goes straight into fueling Rumble's growth rocket, and the rest funds a tender offer that lets shareholders cash out at $7.50 per sharethe same …

yahoo.com

$775
OFF

Video Platform Rumble Rallies On $775 Million Investment From An ...

1 week from now

Dec 21, 2024  · Under the deal, Tether will buy 103,333,333 shares of Rumble's Class A common stock at $7.50 apiece. ... Tether will have a minority stake, Rumble said, but won't be able to …

morningstar.com

$775
OFF

Rumble Stock Rockets On $775M Tether Investment - Nasdaq

1 week from now

Dec 23, 2024  · Online video platform Rumble (RUM) saw its stock rocket higher on Monday after the company received a new $775 million investment from Tether (USDT), the company …

nasdaq.com

$775
OFF

Rumble Stock Soars On $775 Million Investment From Tether

1 week from now

Dec 21, 2024  · The Details: Tether USDT/USD has agreed to purchase 103.33 million shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross …

benzinga.com

$7.50
OFF

Rumble CEO Says Tether Wanted To "Buy As Much As Possible"

1 week from now

Dec 23, 2024  · Earlier, Tether explained in a press release the deal included purchasing 103.3 million of Rumble's Class A common at $7.50, totaling $775 million. Pavlovski said there will …

zerohedge.com

$775
OFF

Rumble Announces $775M Strategic Investment From Tether; …

1 week from now

Dec 20, 2024  · Rumble (NASDAQ:RUM) said on Friday that it has entered into a definitive agreement for a strategic investment of $775 million from Tether.The company will use $250 …

seekingalpha.com

$775
OFF

After $775 Million Tether Investment, Rumble’s Tender Offer Should ...

1 week from now

Dec 23, 2024  · The remaining proceeds will fund a self-tender offer for up to 70 million of its Class A common stock at $7.50 per share, the same price as Tether’s investment, Rumble added. …

marketwatch.com

$775
OFF

Rumble Announces $775M Strategic Investment From Tether

1 week from now

Dec 20, 2024  · Rumble (RUM) "announced that it has entered into a definitive agreement for a strategic investment of $775 million from Tether, the largest company in the digital assets …

nasdaq.com

46%
OFF

Rumble Shares Surge 46% In Pre-open Trade On $775M Investment …

1 week from now

Dec 23, 2024  · Investing.com -- Shares of Rumble (NASDAQ: RUM) surged over 46% in pre-open trade on Monday following a $775 million investment from Tether, the digital assets …

investing.com

$775
OFF

Rumble Gets $775 Million Investment From Crypto Firm Tether

1 week from now

Dec 20, 2024  · Rumble said Friday it entered an agreement for a $775 million investment from the cryptocurrency company Tether. Tether agreed to purchase about 103.3 million shares of …

morningstar.com

$775
OFF

Tether’s Bold $775M Investment Fuels Rumble’s Rapid Expansion

1 week from now

Tether and Rumble plan collaboration on crypto payments and cloud services. ... offer will allow shareholders to sell up to 70 million shares of Class A common stock at a price of $7.50 per …

tronweekly.com

FAQs about Rumble: Don't Chase Tether Deal (NASDAQ:RUM) - Seeking Alpha Coupon?

Is Rumble a tether stock?

YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether. Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. ...

Will tether's $775 million investment improve Rumble's business?

Rumble stock surged due to a $775 million investment from Tether, but the deal involves a tender offer at $7.50 per share. The investment may not significantly improve Rumble's business, which continues to struggle with weak financials and declining user engagement. ...

Did tether buy Alpha Rumble stock in 2024?

Market Data Sources © 2024 Seeking Alpha Rumble's stock nearly doubled after $775M investment from Tether, but analysts warn of poor monetization and lack of profitability. ...

How much did Rumble invest in tether?

Video platform Rumble announced a $775 million investment from crypto giant Tether on Friday. Photo: CHRIS DELMAS/AFP via Getty Images ...

Will Rumble's $775 million tether fund a self-tender offer?

Photo: CHRIS DELMAS/AFP via Getty Images Rumble Inc.’s plan to use some of the proceeds from a $775 million investment from cryptocurrency giant Tether to fund a self-tender offer will alleviate investor liquidity concerns, according to analyst firm Oppenheimer. ...

Does Rumble need more capital to invest in tether?

The company ended the last quarter with a cash balance of $132 million, so the Tether investment of $250 million is a positive development. Rumble clearly needs more capital to invest in the video platform. The platform consumed over $22 million in cash during Q3, even with decreased guaranteed creator commitment costs. ...

Install CouponFollow Extension on Chrome

Install the CouponFollow extension to search for discount codes when shopping the fastest!

Install CouponFollow Chrome Extension   Install CouponFollow Chrome Extension