Rumble’s Wild Ride: A Year of Explosive Gains and Unexpected Setbacks
A Breakout Year for Rumble Stock
Rumble, the video-streaming company, experienced a phenomenal 2024, with its share price surging an astonishing 189.8%. This remarkable growth was fueled by a combination of new content deals, political tailwinds, and a bold foray into the cryptocurrency space.
Barstool Sports Partnership Ignites Early Gains
The company’s partnership with Barstool Sports, announced earlier in the year, brought fresh content to Rumble’s platform and established an advertising relationship. This deal sparked moderate growth, with the stock seeing strong gains in the following months.
Political Momentum and Cryptocurrency Ambitions
As the presidential election approached, Rumble’s stock began to gain traction, driven in part by its right-leaning content and investors betting on a Trump victory. The company’s cryptocurrency strategy, revealed in a November press release, further boosted its stock. Rumble’s plan to purchase up to $20 million worth of Bitcoin sent its shares soaring.
Tether Investment Fuels Massive Gains
The biggest catalyst for Rumble’s growth came on December 20, when the company announced a $775 million investment from Tether, the company behind the Tether stablecoin. This deal, which included the sale of new stock to Tether at $7.50 per share, sent Rumble’s stock into orbit.
2025: A Year of Reckoning
However, Rumble’s stock has experienced a significant pullback in 2025, with its share price down 15.8% year to date. Rising macroeconomic risk factors, including concerns about inflationary pressures and potential interest rate hikes, have contributed to this decline.
A Risky Play with Uncertain Fundamentals
Despite its impressive growth last year, Rumble’s valuation remains highly dependent on its growth prospects. With the company’s streaming platform struggling with engagement and monetization, investors should approach this stock with caution. While political tailwinds and cryptocurrency connections may provide a boost, Rumble’s fundamentals remain uncertain.
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