December 21, 2024
Rumble, a video-sharing platform, has announced a $775 million strategic investment from Tether. The announcement highlights a significant move as Rumble continues to expand in the media and technology sectors. Tether intends to build a partnership with Rumble, involving advertising, cloud services, and crypto payment solutions.
Rumble, established in 2013, offers a platform for content creators and users, differentiating itself from traditional media platforms by emphasizing free expression. The investment is expected to support Rumble's ongoing growth and its service and infrastructure development.
Tether’s involvement goes beyond financial backing, as the company plans to integrate its expertise in crypto payments and cloud solutions into Rumble’s operations. This collaboration may influence future developments in how media platforms incorporate blockchain technology into their services.
About Rumble
Rumble is a video-sharing platform designed for content creators to upload and share videos. The platform focuses on providing a space for content free from the restrictions seen on other platforms. Rumble hosts various content, including news, entertainment, and commentary, and is expanding its offerings through investments and partnerships.
Website: https://rumble.com
X: @rumblevideo
About Investor
Tether
Tether is a global provider of blockchain-based payment solutions, known for its stablecoin, USDT. Tether supports the cryptocurrency ecosystem with liquidity and stability. The company operates across various sectors, including payments, finance, and blockchain technology, serving businesses and users worldwide.
Location: Tortola, British Virgin Islands
Website: https://tether.to/en/
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