As a researcher with a keen interest in the intersection of technology, finance, and freedom of speech, I find Tether’s strategic investment in Rumble both intriguing and commendable. Having spent years observing the evolving landscape of digital currencies and content platforms, I can appreciate the values that Tether CEO Paolo Ardoino and Rumble CEO Chris Pavlovski hold dear – independence, resilience, and the empowerment of individuals.
The company behind the most valuable stablecoin globally, Tether, has committed a substantial investment of $775 million towards Rumble, a video-sharing platform similar to YouTube that is recognized for its policy against content censorship.
According to a December 20th post, Tether’s CEO, Paolo Ardonio, expressed his strong conviction that the core principles of free expression and economic autonomy are essential.
Independence and resilience — 2 key factors for Tether CEO
Ardonio stated that our significant investment in Rumble clearly demonstrates Tether’s commitment to backing technologies and businesses that enhance human capabilities, fostering self-reliance and robustness within our community.
According to Ardonio, he feels hopeful regarding the work that Rumble CEO Chris Pavlovski and his group have created, and he eagerly anticipates working together towards a mutual objective.
In line with his sentiments, Pavlovski expressed in a December 20th post that he has never been more eager for what lies ahead. He plans to persist in his efforts to challenge the dominance of the world’s foremost video-sharing service, YouTube.
“YouTube, lookout. I’m coming for your monopolistic market share globally.”
Tether intends to partner with the video-sharing platform for a joint project that encompasses advertising, cloud services, and cryptocurrency transactions.
After the announcement was made, the share price of Rumble (RUM) significantly increased by 51.60% in post-market trading, eventually reaching $10.90 as per the information from Google Finance.
On November 25th, CryptoMoon announced that Rumble had disclosed their intentions to incorporate Bitcoin (BTC) into their financial holdings. This decision came shortly after Pavlovski hinted at such a move through his social media posts.
The video-streaming company announced that their board of directors has endorsed a new strategy. This strategy allows them to invest a section of their unused cash reserves, worth up to a maximum of $20 million, in Bitcoin, at their own discretion.
As a dedicated researcher, I recently posed a question to our community: Should we consider incorporating Bitcoin into Rumble’s financial records? The response was overwhelmingly positive, with an impressive 93.9% of the 43,790 votes cast in favor of the proposal.
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2024-12-21 04:47