Rumble Inc. (RUM) saw its stock soar by 5.14% in the pre-market session on Tuesday, extending the gains from the previous trading day. The video platform's shares had surged over 80% on Monday, driven by a massive $775 million investment from Tether.
The substantial investment from Tether, a leading stablecoin issuer, has fueled optimism about Rumble's growth prospects and future plans. The influx of capital is expected to provide Rumble with the necessary resources to expand its platform, enhance its services, and potentially explore new opportunities.
While details about the specific use of the investment funds are not yet available, market participants are closely monitoring Rumble's potential moves as the company seeks to capitalize on this significant financial backing.
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