Rumble Inc. receives a massive $775 million investment from Tether, boosting its stock price significantly. Tether’s investment reflects shared values of decentralization and free speech. Rumble plans to use the funds for growth and a stock buyback offer.
With U.S. stock futures trading lower this morning, investors are closely watching several companies set to release earnings today. CyberArk, Cisco, Rumble, MARA, and Beazer Homes are among the companies that are likely to attract attention from traders. See how these stocks performed in after-hours trading and what analysts are expecting.
The 2024 US presidential election drew a record-breaking audience to livestream platforms, with YouTube dominating viewership and Rumble experiencing significant growth. The election coverage generated nearly 84 million hours of watch time, highlighting the increasing reliance on digital platforms for news consumption.
Rumble, Inc. (RUM) shares declined on Wednesday despite the platform setting multiple viewership records during the recent presidential debate. While Trump-linked stocks faced a dip following the debate, Rumble’s performance highlighted its growing audience and potential for future growth. However, Wall Street analysts remain cautious about its short-term prospects.
Rumble Inc. (RUM) saw its shares rise after reporting better-than-expected second-quarter earnings, exceeding revenue and profit estimates. The company also reported an increase in monthly active users and record concurrent livestream viewers, signaling a growing audience and potential for monetization.
Shares of Rumble Inc. (RUM) jumped in pre-market trading after the company reported better-than-expected second-quarter financial results. Other notable pre-market movers include Vicinity Motor Corp. (VEV), MKDWELL Tech Inc. (MKDW), and CXApp Inc. (CXAI), all showing significant gains. On the downside, Syros Pharmaceuticals, Inc. (SYRS) and SunPower Corporation (SPWR) experienced sharp declines.
