Vision

Rumble

Million

<ul class="wp-block-list">
 <li>Tether invests $775M in Rumble, supporting growth, share buybacks, and promoting financial independence.</li>  
 <li>Rumble allocates $250M to growth and $525M to share buybacks after Tether’s significant funding boost.</li>  
 <li>Tether diversifies with Rumble investment, aligning with AI, crypto payments, and freedom-focused initiatives.</li> 
</ul>  
<p>Tether will <a href="https://x.com/rumblevideo/status/1870226952117801202" rel="noopener noreferrer nofollow">invest</a> $775 million in the YouTube-alternative platform Rumble. The deal involves Tether purchasing 103,333,333 shares of Rumble Class A Common Stock at $7.50 per share. Despite this significant investment, Rumble CEO Chris Pavlovski will retain his majority voting rights. This will ensure control over the platform's direction.</p>  
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<h2 class="wp-block-heading" id="h-allocation-of-funds-for-growth-and-share-buybacks"><strong>Allocation of Funds for Growth and Share Buybacks</strong></h2>  
<p>Rumble plans to use $250 million from Tether’s investment for growth initiatives, aiming to expand its services. Additionally, $525 million will be allocated to buy back up to 70 million shares of its Class A Common Stock. This strategic decision seeks to enhance shareholder value and solidify Rumble's market position.</p>  
<h2 class="wp-block-heading" id="h-shared-vision-between-tether-and-rumble"><strong>Shared Vision Between Tether and Rumble</strong></h2>  
<p>Tether and Rumble aim to collaborate on advertising, cloud solutions, and crypto payment integration. This partnership reflects their shared values of promoting financial freedom, independence, and resilience. It’s focus remains on empowering businesses that align with its broader vision of societal empowerment.</p>  
<p>Rumble <a href="https://www.globenewswire.com/news-release/2024/11/12/2979699/0/en/Rumble-Reports-Third-Quarter-2024-Results.html#:~:text=We%20delivered%20record%20revenues%20for,Cancel%20culture%20is%20dead." rel="noopener noreferrer nofollow">reported</a> $25.1 million in revenue for Q3, marking a 39% year-over-year increase. However, the company also posted a net loss of $31.5 million, up from $29 million last year.&nbsp;</p>  
<p>Despite these losses, Rumble continues to attract significant investments and maintain an average of 67 million active monthly users. The platform recently <a href="https://cryptonewsland.com/rumble-joins-corporate-bitcoin-movement-with-20-million-allocation/" rel="noopener noreferrer nofollow">allocated</a> $20 million of its treasury to Bitcoin, diversifying its cash reserves to hedge against inflation.</p>  
<h2 class="wp-block-heading" id="h-tether-s-expanding-investment-portfolio"><strong>Tether’s Expanding Investment Portfolio</strong></h2>  
<p>Tether’s investment in Rumble is part of its broader strategy to diversify its portfolio. Tether plans to expand into sectors like AI, decentralized messaging, and video sharing. The company is also developing a privacy-focused AI platform that is set to launch by Q1 next year. This investment underscores its commitment to fostering independent platforms and diversifying its strategic ventures.</p> 
<p>The post <a href="https://cryptonewsland.com/tether-to-invest-775-million-in-rumble-supporting-technology/" rel="noopener noreferrer nofollow">Tether to Invest $775 Million in Rumble, Supporting Technology and Independence</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Tether to Invest $775 Million in Rumble, Supporting Technology and Independence

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