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Tether to Invest $775 Million in Rumble
- Tether, a cryptocurrency firm, is investing $775 million in video-sharing platform Rumble Inc.
- Rumble plans to allocate $250 million to expand its user base and platform capabilities.
- The remaining funds will be used for a self-tender offer to repurchase shares, potentially increasing stock value.
- Rumble's shares surged by 44% in after-hours trading following the announcement.
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