Why Rumble Stock Is Falling Today

Market Overview - The broader market is experiencing pressures as investors take year-end profits and sell stocks for tax purposes, leading to a pullback in trading volume [1][2] - Rumble stock is facing a reversal of its positive meme-stock momentum, contributing to its decline [1] Rumble Stock Performance - Rumble stock is down 9.3% as of 1:30 p.m. ET, while the S&P 500 index is down 0.7% and the Nasdaq Composite index is down 0.8% [4] - Despite today's pullback, Rumble's share price has increased by 91% over the last month [6] Valuation and Investment - Rumble is currently valued at more than 40 times this year's expected sales, indicating a highly growth-dependent valuation [7] - Tether's $775 million investment in Rumble is significant, with only$250 million allocated for business operations and growth, while the remainder is for stock buybacks [9]