Tether invests $775 million in Rumble, causing stock price to surge by 81%

Rumble Inc.'s stock price surged by 81% following Tether's announcement of a $775 million investment in the video sharing platform. Tether will acquire a stake in Rumble but will not have any representation on its board. Rumble plans to use $525 million for a self-tender offer and invest the remaining $250 million in growth initiatives. Although Rumble's revenue has increased significantly in the past year, the company has faced user engagement issues and is currently operating at a loss with high SGA expenses. The investment could potentially help Rumble improve its metrics and reduce losses, but the current valuation of the stock appears to be high compared to its revenue growth rate.

The provided code snippet pertains to loading resources for a video player and involves fetching a JSON file containing URLs for CSS and HLS resources, creating corresponding link and script elements, and appending them to the document head. It also includes a function to generate a unique ID and assign it to a specific element on the page, which is then utilized to render the video player using the cnxel library. The purpose of this code is likely to ensure proper loading and rendering of video content on the website.