Why Rumble Stock Was Up 83% in December

Core Viewpoint - Rumble's stock experienced a significant increase of 83.2% in December, primarily driven by a $775 million investment from Tether, which transformed investor sentiment and expectations for the company's future growth [1][2][3]. Financial Performance - Rumble's stock was only up 1$100 million in the last 12 months, and its cash position has decreased by roughly 60% over the past two years [4][5]. - Rumble's third-quarter revenue was $25 million, reflecting a year-over-year growth of 39%, but this is significantly low compared to its addressable market valued in trillions [8]. Strategic Outlook - The investment from Tether is seen as a crucial factor that could enable Rumble to pursue its ambitious goals of becoming a leading streaming video platform and a major cloud provider [5][7]. - The CEO expressed optimism about the cash infusion, indicating it will support growth initiatives and the foundation for substantial revenue growth moving forward [7].