Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41%Updated Dec 20, 2024, 10:25 p.m. UTCPublished Dec 20, 2024, 10:15 p.m. UTCYouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether.Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is...