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Why Rumble Stock Is Skyrocketing Today

TheMotleyFool

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Rumble (NASDAQ: RUM) stock is seeing explosive gains in Wednesday's trading. The streaming-video company's share price was up 34.6% as of 11:45 a.m. ET.

Rumble stock is continuing to rocket higher on the news that the company is set to receive $775 million in an investment from Tether -- the company behind the Tether stable-coin cryptocurrency. The news has turned Rumble into a hot meme stock, and its share price is surging in conjunction with investors piling in and hoping to score speculative gains.

Rumble stock is now up 133% over the last week of trading.

Source Fool.com

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