Rumble (NASDAQ: RUM) stock recorded explosive gains across 2024. The video-streaming company’s share price rocketed 189.8% higher in last yr’s trading, in line with data from S&P Global Market Intelligence.
Rumble stock posted big gains in 2024 due to recent content deals, political tailwinds, and a push into the cryptocurrency space. But the corporate’s share price began to see a major pullback near the very end of the yr, and sell-offs have continued in 2025.
Rumble stock saw some strong gains early last yr after the corporate announced that it had entered right into a partnership with Barstool Sports. Through their deal, Barstool brought content to Rumble’s video streaming platform and in addition formed an promoting relationship with the corporate.
For months afterward, Rumble stock saw moderate moves up and down. However the stock did start seeing upward momentum leading as much as and following Donald Trump’s victory within the presidential election. Much of the content on Rumble skews toward the fitting side of the political aisle, and a few investors bought into the stock as a strategy to cash in on a Trump election win.
Then, Rumble published a press release on Nov. 25 detailing its recent cryptocurrency strategy. Per the announcement, the corporate said that it was planning on buying as much as $20 million value of Bitcoin. The stock gained ground following the announcement, but there was other crypto-related news that powered even larger gains.
On Dec. 20, Rumble announced that it had secured $775 million in investment from Tether — the corporate behind the Tether stablecoin. Through the deal, Rumble will likely be selling $775 million value of recent stock to Tether at a price of $7.50 per share. The streaming specialist will use $250 million of the cash from the stock sale to fund its growth initiatives and the opposite $525 million to purchase back stock from other large shareholders. Rumble stock saw massive gains on the news as some investors bet that the corporate may very well be within the early stages of seeing larger crypto-related tailwinds.
After a formidable run last yr, Rumble stock has seen an enormous pullback early in 2025’s trading. As of this writing, the corporate’s share price is down 15.8% yr so far.
Rumble stock has been losing ground attributable to rising macroeconomic risk aspects. Recent U.S. jobs data published by the Bureau of Labor Statistics has raised concerns that inflationary pressures could wind up being stronger than previously anticipated. Because of this, the Federal Reserve could take a more cautious approach to cutting rates of interest — which can be an unfavorable development for growth stocks.