Tether pours $775M into video-sharing platform Rumble

CoinMarketCap12-21 09:39

Tether, the issuer of the world’s largest stablecoin by market cap, has invested $775 million into Rumble, an alternative platform to YouTube known for not censoring content. “Tether deeply believes ...

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Tether and Rumble plan to collaborate on an advertising, cloud, and crypto payments solution relationship.\nEchoing a similar sentiment, Pavlovski said in a Dec. 20 X post that he has never been more excited for the future and intends to keep pushing against the world’s largest video-sharing platform, YouTube:\n\n “YouTube, lookout. I’m coming for your monopolistic market share globally.”\n\nFollowing the announcement, Rumble’s (RUM) share price surged 51.60% during after-hours trading, reaching $10.90 by the time of publication, according to Google Finance data.\n\n\n\nRumble Inc share price has surged 51.60% in after-hours trading. Source: Google Finance\n\n\nOn Nov. 25, Cointelegraph reported that Rumble confirmed plans to add Bitcoin (BTC) to its balance sheet, just days after its Pavlovski teased the idea on social media. \nRelated: MicroStrategy will eventually unravel — Bitcoin bulls should look elsewhere\nThe video-sharing platform said its board of directors approved the strategy, allocating a portion of the company’s excess cash reserves to Bitcoin at the company’s discretion and up to $20 million total. \nPavlovski teased the idea of adding Bitcoin to Rumble’s balance sheets with a Nov. 19 poll on X. Out of 43,790 votes, 93.9% of respondents voted yes to the proposal. \nMagazine: The 1 true sign an NFT bull market is back on: Wale, NFT Collector","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493400129"}