Rumble shares hold Perform rating post Tether investment

Rumble Shares Hold Perform Rating Post Tether Investment

4 weeks from now

Dec 23, 2024  · On Monday, Rumble, Inc. (NASDAQ: RUM) maintained its Perform rating from Oppenheimer following a significant funding announcement made on Friday.The video platform company revealed a $775 million equity investment from stablecoin operator Tether.. According to InvestingPro data, Rumble's strong financial position is evidenced by its current ratio of 3.94x, …

investing.com

Rumble Shares Hold Perform Rating Post Tether Investment

4 weeks from now

Dec 23, 2024  · The investment is seen as a positive step for Rumble, selling primary shares at what is considered an attractive valuation to strengthen its balance sheet. While the stock has experienced a significant -16.78% decline over the past week, it maintains impressive YTD returns of 60.13%.

investing.com

The Truth Behind Rumble’s Stunning 60% Share Spike

4 weeks from now

Dec 24, 2024  · Rumble shares jump 60% after Tether’s $775 million investment. ... The firm rates Rumble as a “perform” investment. Notably, Rumble has reported significant losses, with nearly $102 million in losses through the first three quarters of 2024 and a negative gross margin of 59% this year. These figures indicate that the company’s ...

dataconomy.com

Oppenheimer Says Tether Investment Alleviates Concerns Over …

4 weeks from now

Dec 23, 2024  · Oppenheimer analyst Jason Helfstein notes that Friday post-close, Rumble (RUM) announced $775M equity investment from stablecoin operator Tether, with $250M in newly issued shares at $7.50 for ...

yahoo.com

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

4 weeks 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.

morningstar.com

Rumble Stock Soars After Video Platform Gets $775M Investment …

4 weeks from now

Dec 23, 2024  · It has a "perform" rating on the stock. The transaction is expected to close in the first quarter of 2025. Shares of Rumble soared 61% soon after the opening bell to $11.61, their highest level ...

investopedia.com

Rumble Rockets 110% In A Month, After $775M Tether Deal

4 weeks from now

6 days ago  · Rumble just landed a game-changing $775 million investment from crypto heavyweight Tether (), and Wall Street is buzzing.Tether is snapping up 103.3 million Rumble shares at $7.50 each, with $250 ...

yahoo.com

Rumble Stock Rockets On $775M Tether Investment - Nasdaq

4 weeks 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 behind the stablecoin of the same ...

nasdaq.com

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

4 weeks 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 company behind the widely used USDT ...

yahoo.com

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

4 weeks from now

Dec 21, 2024  · Shares of Rumble Inc. rocketed higher after hours on Friday after the right-leaning video platform said it landed a $775 million investment from Tether, a giant in the crypto world whose digital ...

morningstar.com

Rumble Stock Surges After $775M Strategic Investment From …

4 weeks from now

Dec 23, 2024  · Tether, the largest cryptocurrency by volume and holding 70% of market share among stablecoins, will buy 103.22 million Rumble Class A stock at $7.50 per share. Rumble said it will use $250 million of the proceeds to support growth initiatives and the remaining to fund a self-tender offer for up to 70 million of its Class A common stock at $7. ...

stocktwits.com

Why Rumble Stock Is Gaining Today | The Motley Fool

4 weeks from now

Dec 24, 2024  · Tether will be purchasing 103 million shares of newly created Rumble stock at a price of $7.50 per share. The streaming video specialist will be using $250 million of the proceeds to fund growth ...

fool.com

Rumble Stock Soars On $775 Million Investment From Tether

4 weeks 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 proceeds to Rumble.

benzinga.com

Rumble Stock Doubles In 1 Day. What’s Behind The Surge. - MSN

4 weeks from now

The company announced that Tether had agreed to purchase about 103.3 million shares at $7.50 a share. Rumble said it anticipates using $250 million to support growth initiatives.

msn.com

Rumble: Don't Chase Tether Deal - Seeking Alpha

4 weeks 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

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

4 weeks 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. Partner Center Most ...

marketwatch.com

Why Rumble Stock Skyrocketed To A 52-Week High Today

4 weeks from now

Dec 23, 2024  · Considering Rumble was valued at around $2 billion when the investment was announced, the investment is massive. And that's why Rumble stock was up a stunning 66% as of 10:15 a.m. ET.

fool.com

Rumble Stock Doubles In 1 Day. What’s Behind The Surge.

4 weeks from now

Dec 23, 2024  · Rumble Inc. stock surged Monday after the video streaming platform said it would receive a $775 million investment from cryptocurrency company Tether.

barrons.com

Tether Invests $775 Million In Rumble, Shares Surge 44.6% In ...

4 weeks from now

Dec 21, 2024  · Rumble plans to use $250 million of the funding to support growth initiatives while offering to repurchase up to 70 million Class A common stock shares at $7.50 each, the same price Tether paid. In aftermarket trading, Rumble’s shares skyrocketed by 44.6%, reflecting renewed investor confidence following a challenging period of declining ...

tradersunion.com

Rumble Announces $775M Strategic Investment From Tether

4 weeks from now

Dec 21, 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 industry and the most ...

businessinsider.com

Rumble Gets $775 Million Investment From Crypto Firm Tether

4 weeks from now

Dec 20, 2024  · Tether agreed to purchase about 103.3 million shares of Rumble at $7.50, totaling $775 million. The video platform said it anticipates using $250 million to support growth initiatives. It plans to use the remaining proceeds for a self tender offer for up to 70 million of its Class A common stock at $7.50 a share.

marketscreener.com

Rumble's Share Surge: Key Investment From Tether Fuels Growth

4 weeks from now

Dec 23, 2024  · Rumble's shares experienced a 100% increase following Tether's $775 million investment, dramatically enhancing the company's market position. How does Tether's investment benefit Rumble? The investment allows Rumble to strengthen its capital base, potentially enabling new services and improvements in its platform to attract more users.

investorshangout.com

Tether Pours $775M Into Video-sharing Platform Rumble

4 weeks from now

Dec 21, 2024  · In a Dec. 20 X post, Tether CEO Paolo Ardonio explained that the significant investment in YouTube alternative Rumble is to focus on technology that “empower humans.”

cointelegraph.com

Stablecoin Issuer Tether Invests $775,000,000 Into YouTube Rival …

4 weeks from now

Dec 23, 2024  · Tether, the issuer of the largest stablecoin by market cap, is announcing a $775 million investment into YouTube alternative Rumble. Rumble says in a press release that it will be using $250 million of the proceeds to support “growth initiatives” and the remaining capital to fund a self-tender offer for up to 70 million of its Class A common stock.

dailyhodl.com