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Stablecoin issuer Tether announced on Friday that it is investing $775 million in streaming video platform Rumble, a rival to YouTube that bills itself as an anti-censorship platform.
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Launched in 2013 by technology entrepreneur Chris Pavlovksi, Rumble is a video streaming platform focused on free speech. It has become a popular alternative to YouTube for conservative and far-right content creators.
BREAKING NEWS: Rumble Announces $775 Million Strategic Investment from Tether
“Beyond our initial shareholder stake, Tether intends to drive towards a meaningful advertising, cloud, and crypto payment solutions relationship with Rumble.” – @paoloardoino pic.twitter.com/eDm2O8GIyY
— Rumble 🏴☠️ (@rumblevideo) December 20, 2024
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“I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth,” Rumble chairman and CEO Chris Pavlovski said in a statement.
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