10 Firms Mirror Broader Market Downturn Ahead of 2025

2. Rumble Inc. (NASDAQ:RUM)

Shares of Rumble Inc. (NASDAQ:RUM) saw a 9.13-percent decline on Monday, ending the day at $13.84 each as traders resorted to profit-taking following higher prices the day prior.

Despite the decline, Rumble’s five-day and 30-day trading shows continuous investor confidence, having booked an impressive growth of 38 percent and 101 percent, respectively.

Last week, the company announced that it entered into a definitive agreement for a strategic investment of $775 million from Tether, the largest company in the digital assets industry and the most widely used dollar stablecoin globally with more than 350 million users. Over the last few years, Tether has become one of the most recognized symbols of financial inclusion.

According to Rumble (RUM), a total of $250 million of the proceeds will be used to support growth initiatives, and the remaining proceeds to fund a self-tender offer for up to 70 million Class A common shares.