Tether apuesta 775 millones de dólares en Rumble para desafiar el dominio de YouTube
Tether ha realizado una asociación audaz al invertir 775 millones de dólares en Rumble, una plataforma para compartir vídeos y proveedor de servicios en la nube. Rumble es el competidor más cercano a YouTube y es famoso por su contenido sin censura.
Rumble utilizará 250 millones de dólares del dinero para respaldar las operaciones y el resto para financiar una oferta pública de adquisición de hasta 70 millones de acciones ordinarias a un precio de 7,50 dólares, según un comunicado de prensa del viernes por la noche. Esos 7,50 dólares es el mismo precio por acción que Tether está pagando por su participación.
El CEO de Tether, Paolo Ardonio, a través de su comentario sobre la inversión en X.
Tether cree profundamente en los valores fundamentales de la libertad de expresión y la libertad financiera.
- Paolo Ardoino 🤖🍐 (@paoloardoino) 20 de diciembre de 2024
Nuestra inversión estratégica en Rumble subraya en gran medida el enfoque de@Tether_to en apoyar la tecnología y las empresas que empoderan a los humanos, brindando independencia y resiliencia a nuestros... https://t.co/vHYVbQJnKk
He added that their firm believes in the fundamental values of freedom of speech and financial freedom.
YouTube has been censoring content that violates its policy, and some people claim that it rides on the policy to censure voices that are against particular narratives, limiting freedom of speech. So Tether, in a bid to reinforce fundamental values, including freedom of speech and financial freedom, has settled on Rumble, citing that they don’t censor content.
Rumble to use part of the investment for funding a self-tender
According to Rumble, the partnership won’t interfere with their structures much. Chris Pavlovski, Rumble’s chairman and CEO, will remain in charge of the company as he retains control. Tether’s investment will ensure it owns a minority position in Rumble’s outstanding common stock. The agreement means that Tether has no rights to designate any Rumble board member.
Rumble will also use part of the investment to fund a self-tender offer for up to 70 million of Rumble’s common stock. The board of directors also gave a green light to investing excess cash reserves in Bitcoin to the tune of $20 million. Crypto frenzy has risen with the election of the US President, Donald Trump. His clear position in cryptocurrency and his ambitions to establish a Bitcoin reserve are motivating investors.
Beyond shareholding arrangements, Tether hopes to carry out meaningful advertisements and enhance its cloud and crypto payment solutions relationship with Rumble.
Tether investment to drive Rumble’s next step of growth
Rumble CEO Chris Pavlovski believes that the partnership with Tether is what they need for their next phase of growth. The platform aims to outdo its competitors by offering alternative and credible avenues for sharing uncensored information.
According to Google Finance, the partnership announcement led to a 51.6% surge in Rumbles’ (RUM) share price to $10.90.
The deal, which is expected to close in the first quarter of 2025, is exciting. Rumble may break its ceiling and consolidate users, and Tether will immensely benefit from adverts—a win-win solution. What will be interesting to watch is how Rumble will fare in its competition with YouTube.
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