{"id":12816,"date":"2024-12-21T08:46:42","date_gmt":"2024-12-21T08:46:42","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=12816"},"modified":"2024-12-21T08:46:46","modified_gmt":"2024-12-21T08:46:46","slug":"tether-invests-775m-in-rumble-to-challenge-youtube","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/tether-invests-775m-in-rumble-to-challenge-youtube\/","title":{"rendered":"Tether Invests $775M in Rumble to Challenge YouTube"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Tether, the issuer of the world\u2019s largest stablecoin by market cap, has announced a significant $775 million investment in Rumble, a video-sharing platform known for its commitment to free speech and minimal content censorship. This strategic partnership comes just weeks after Rumble revealed plans to add Bitcoin to its balance sheet.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-bold-move-to-support-freedom-of-speech\">A Bold Move to Support Freedom of Speech<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tether CEO Paolo Ardoino emphasized the importance of free speech and financial independence in a Dec. 20 announcement on X (formerly Twitter). He stated, \u201cTether deeply believes in the fundamental values of freedom of speech and financial freedom.\u201d Ardoino highlighted that the investment aligns with Tether\u2019s mission to support innovative companies promoting societal resilience and independence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rumble, often seen as an alternative to YouTube, has gained attention for its uncensored approach to content. With Tether\u2019s backing, the platform aims to strengthen its presence in the digital media space.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-collaborating-on-tech-cloud-and-crypto-solutions\">Collaborating on Tech, Cloud, and Crypto Solutions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Ardoino expressed optimism about Rumble CEO Chris Pavlovski\u2019s leadership and the potential of their collaboration. The two companies plan to work together on initiatives involving advertising, cloud infrastructure, and cryptocurrency payment solutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pavlovski echoed this enthusiasm, stating on X that he is more determined than ever to challenge YouTube&#8217;s dominance. \u201cYouTube, lookout. I\u2019m coming for your monopolistic market share globally,\u201d Pavlovski declared.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-rumble-shares-surge-after-announcement\">Rumble Shares Surge After Announcement<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The announcement had an immediate impact on Rumble\u2019s stock price. During after-hours trading, Rumble\u2019s (RUM) shares skyrocketed by 51.60%, reaching $10.90, according to Google Finance. The surge reflects growing investor confidence in the platform\u2019s ability to compete with established giants like YouTube.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-rumble-s-bitcoin-adoption-a-strategic-step-forward\">Rumble\u2019s Bitcoin Adoption: A Strategic Step Forward<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">On Nov. 25, Rumble confirmed its plans to add Bitcoin to its balance sheet. The move followed a Nov. 19 poll by Pavlovski on X, where 93.9% of respondents supported the idea. The company\u2019s board approved a strategy to allocate up to $20 million of its excess cash reserves to Bitcoin, reinforcing Rumble\u2019s forward-thinking approach to financial management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With its partnership with Tether and its adoption of Bitcoin, Rumble is positioning itself as a key player in the tech and media space, challenging the status quo with innovation and a commitment to free speech.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether, the issuer of the world\u2019s largest stablecoin by market cap, has announced a significant $775 million investment in Rumble, a video-sharing platform known for its commitment to free speech and minimal content censorship. This strategic partnership comes just weeks after Rumble revealed plans to add Bitcoin to its balance sheet. A Bold Move to [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":3533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,2,43],"tags":[],"class_list":["post-12816","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins","category-featured","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tether Invests $775M in Rumble to Challenge YouTube<\/title>\n<meta name=\"description\" content=\"Tether, the issuer of the world\u2019s largest stablecoin by market cap, has announced a significant $775 million investment in Rumble, a video-sharing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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