🤔 Have you ever thought that the world’s largest stablecoin issuer, Tether, would suddenly make such a significant investment in a right-wing streaming platform, Rumble? That's right, this isn't a dream; it's real shocking news! Tether's hefty $775 million investment caused Rumble's stock price to soar by 44.6% instantly. What secrets are hidden behind this?
💸 According to The Block, Tether's "strategic investment" not only sent Rumble's stock price skyrocketing but also shook the entire cryptocurrency industry. It’s worth noting that last month, Tether announced it would allocate up to $20 million from its excess cash reserves for Bitcoin investment, and this time it directly invested a whopping $775 million!
📈 Influenced by news of interest rates from the Federal Reserve, Rumble's stock price had been steadily declining, but once the news of Tether's investment broke, 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 hard 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 areas 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 about 67 million monthly active users. Tether's investment in Rumble not only helps support its growth plans but also provides a decentralized communication platform. It is important to recognize how significant a decentralized communication platform is for protecting free speech and promoting information transparency in today's information explosion era!
🚀 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 strong momentum into Rumble's future development!
🔍 Of course, there are different views on this investment. After all, although Rumble's revenue in the third quarter reached $25.1 million, a year-on-year increase of 39%, it also suffered a net loss of $31.5 million. However, in my opinion, 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; it is a strong support for free speech and information transparency. Let us look forward to Rumble creating more miracles in its future development!
