🤔 Have you ever wondered why the world's largest stablecoin issuer Tether would suddenly make such a substantial investment in a right-wing streaming platform like Rumble? That's right, this is not a dream, it is a shocking news that is actually happening! Tether's $775 million investment caused Rumble's stock price to surge by 44.6% instantly, what secrets lie behind this?
💸 According to The Block, Tether's 'strategic investment' not only sent Rumble's stock price soaring but also shook the entire cryptocurrency industry. Last month, Tether announced it would allocate up to $20 million from its excess cash reserves for Bitcoin investment, and this time it directly committed a whopping $775 million!
📈 Under the influence of news about the Federal Reserve's interest rates, Rumble's stock price had been steadily declining, but as soon as the news of Tether's investment came out, the stock soared by as much as 44.6% in after-hours trading! This is simply a miracle in the stock market!
💡 So, why did Tether make such a large-scale investment in Rumble? In fact, this is not difficult to understand. With the continuous development of the cryptocurrency industry, Tether is also expanding its investment scope. Under the leadership of new CEO Paolo Ardiono, Tether is continuously making strategic investments, expanding into new fields such as AI, Bitcoin mining, and decentralized messaging. This investment in Rumble reflects Ardiono's interest in combating censorship in communication.
🎥 As a right-wing streaming platform, Rumble primarily targets conservative audiences, with an average of 67 million monthly active users. Tether's investment in Rumble not only helps support its growth plans but also provides a decentralized communication platform. In today's era of information explosion, a decentralized communication platform is crucial for protecting free speech and promoting information transparency!
🚀 Moreover, Tether's investment has excited Rumble's chairman and CEO Chris Pavlovski. He stated that this investment represents an 'immediate liquidity event for all our shareholders' and pointed out the strong connection between the cryptocurrency and free speech communities. This undoubtedly injects powerful momentum into Rumble's future development!
🔍 Of course, regarding this investment, there are differing opinions. After all, while Rumble's revenue in the third quarter was $25.1 million, a 39% year-over-year increase, the net loss reached $31.5 million. However, in my view, this is precisely where Rumble's potential for future development lies. With Tether's investment and support, Rumble is expected to achieve faster growth and higher profitability in the future.
🔥 In short, Tether's $775 million 'strategic investment' in Rumble has undoubtedly shaken the entire cryptocurrency industry. This is not just a simple investment behavior, but a strong support for free speech and information transparency. Let's look forward to Rumble creating more miracles in its future development!