{"id":4565,"date":"2024-12-21T06:17:37","date_gmt":"2024-12-21T06:17:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4565"},"modified":"2024-12-21T06:17:37","modified_gmt":"2024-12-21T06:17:37","slug":"rumble-stock-soars-on-775-million-investment-from-tether-what-to-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4565","title":{"rendered":"Rumble Stock Soars On $775 Million Investment From Tether: What To Know"},"content":{"rendered":"<div>\n<p><strong>Rumble Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RUM#NASDAQ\">RUM<\/a>) shares are soaring in after-hours trading Friday after the company announced it has entered into a definitive agreement for a <a href=\"https:\/\/www.benzinga.com\/pressreleases\/24\/12\/g42630663\/rumble-announces-775-million-strategic-investment-from-tether\">strategic investment of $775 million<\/a> from <strong>Tether<\/strong>.\u00a0<\/p>\n<p><strong>The Details: Tether<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDT<\/a>) 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.\u00a0<\/p>\n<p>Rumble said it will use $250 million of the proceeds to support growth initiatives and the remaining proceeds to fund a self tender offer for up to 70 million of its Class A Common Stock at $7.50 per share.<\/p>\n<p>Tether&#8217;s investment and the tender offer are &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/24\/12\/42634166\/rumble-stock-soars-on-775-million-investment-from-tether-what-to-know\" alt=\"Rumble\" stock soars on million investment from tether: what to know>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rumble Inc. (NASDAQ:RUM) shares are soaring in after-hours trading Friday after the company announced it has entered into a definitive agreement for a strategic investment of $775 million from Tether.\u00a0 The Details: Tether (CRYPTO: USDT) has agreed to purchase 103.33 million shares of Rumble Class A Common Stock at a price per share of $7.50, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4565","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4565"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4565\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}