Rumble surges after cloud deal with El Salvador government

Rum

13/01/2025 10:09

** Shares of video-sharing platform and cloud services
provider Rumble  RUM.O  rise 5.4% to $11.55 premarket
    ** The company announces a cloud services agreement with the
government of El Salvador on Friday 
    ** RUM's services to the country will include cloud storage
and cloud computing, databases and integration of Kubernetes, a
popular open-source technology, on its cloud platform
    ** RUM received a strategic investment of $775 mln from
blockchain-enabled platform Tether in December, which sent its
stock soaring over 81% in the following trading session 
    ** Backed by venture capitalist Peter Thiel and U.S. Vice
President-elect JD Vance through Narya Capital, RUM has a $3.11
bln market cap, according to data compiled by LSEG, as of last
close
    ** RUM stock jumped more than 189% in 2024

 (Reporting by Sanchayaita Roy in Bengaluru)
 ((sanchayaita.roy@thomsonreuters.com))