Tether faz aposta de US$ 775 milhões no Rumble para desafiar o domínio do YouTube
A Tether fez uma parceria ousada ao investir US$ 775 milhões na Rumble, uma plataforma de compartilhamento de vídeo e provedora de serviços em nuvem. Rumble é o concorrente mais próximo do YouTube e é famoso por seu conteúdo sem censura.
Rumble usará US$ 250 milhões do dinheiro para apoiar operações e o restante para financiar uma oferta pública de aquisição de até 70 milhões de ações ordinárias a um preço de US$ 7,50, de acordo com um comunicado à imprensa na noite de sexta-feira. Esses US$ 7,50 são o mesmo preço por ação que a Tether está pagando por sua participação.
O CEO da Tether, Paolo Ardonio, por meio de seu comentário sobre o investimento no X.
A Tether acredita profundamente nos valores fundamentais da liberdade de expressão e da liberdade financeira.
— Paolo Ardoino 🤖🍐 (@paoloardoino) 20 de dezembro de 2024
Nosso investimento estratégico na Rumble ressalta muito o foco da@Tether_to em apoiar tecnologia e empresas que capacitam os humanos, proporcionando independência e resiliência aos nossos… 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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