Tether Invests in Rumble to Advance Decentralized Media
On December 20, 2024, Tether revealed a strategic partnership with Rumble, a prominent video-sharing and cloud services platform listed on NASDAQ under the symbol RUM. The collaboration involves a substantial investment of $775 million to support Rumble’s growth and further their shared commitment to decentralization and free speech.
Details of the Investment
The partnership includes an upfront cash infusion of $250 million from Tether, intended to bolster Rumble’s expansion efforts. Additionally, Tether will assist in a tender offer for up to 70 million Rumble shares at a price of $7.50 per share. This comprehensive investment package totals approximately $775 million, which translates to the acquisition of 103,333,333 shares of Rumble’s common stock. Despite this investment, Chris Pavlovski, Rumble’s Chairman and CEO, will retain his controlling stake in the company after the transaction.
A Shared Vision for Decentralization and Innovation
Tether’s CEO, Paolo Ardoino, emphasized the alignment of values between the two companies, citing shared principles of decentralization, independence, and transparency. He stated, “Tether’s partnership with Rumble underscores our dedication to technologies that empower freedom and decentralization. As trust in traditional media wanes, platforms like Rumble are crucial in providing a credible and uncensored alternative. This investment reinforces our vision of building an inclusive, decentralized infrastructure. Beyond the financial commitment, Tether plans to explore synergies in advertising, cloud services, and cryptocurrency payment solutions with Rumble.”
Echoing this sentiment, Chris Pavlovski expressed enthusiasm about the partnership. He highlighted the synergy between cryptocurrency and free speech communities, which are united by their commitment to freedom and transparency. Pavlovski remarked, “This collaboration not only strengthens our financial position but also enables us to move closer to achieving EBITDA breakeven in 2025. The $250 million cash infusion affirms Tether’s support for our growth initiatives, and the tender offer provides liquidity to our shareholders. I am confident that Tether’s involvement will propel Rumble into its next phase of development.”
Tether Announces $775 Million Strategic Investment in Rumble ( @rumblevideo ) to Boost Decentralized and Community-Owned Media Platforms
Read more:https://t.co/2lRvcd6LJW
— Tether (@Tether_to) December 20, 2024
A Partnership Geared for Growth
This strategic collaboration marks a significant step for both Tether and Rumble. While Tether aims to extend its influence beyond the cryptocurrency realm into decentralized media, Rumble secures the financial backing needed to advance its mission of fostering open communication and innovation. Together, the two companies are poised to challenge centralized systems and redefine the future of media and technology.
Wall Street Pepe: A Meme Coin Revolutionizing Community-Driven Investments
Wall Street Pepe is on a mission to transform the meme coin market, which has long been dominated by insider trading and manipulation by wealthy players. Many investors have found it difficult to secure gains as the market has been rigged to favor the few. Wall Street Pepe seeks to level the playing field by empowering its community, known as the WEPE Army. Through a collaborative and community-first approach, the project aims to turn everyday investors into active market movers, creating a fairer and more inclusive ecosystem for all participants.
Inspired by Wall Street Bets and Empowering Traders
The project takes inspiration from Wall Street Bets, the online movement that shook traditional finance by driving the GameStop stock surge. Wall Street Pepe adopts a similar philosophy in the meme coin sector by combining a viral, community-driven ethos with functional utilities. These features include alpha trading calls for market insights, staking options to reward long-term holders, and trading incentives to foster active participation. This combination of practical tools and community focus positions Wall Street Pepe as a groundbreaking force in the cryptocurrency world, prioritizing knowledge-sharing and collective growth.
Strategic Tokenomics for Growth and Fairness
Wall Street Pepe’s tokenomics further reinforce its mission to empower the community. The allocation ensures a balanced approach, with 20% reserved for the Frog Fund (presales), 12% set aside for staking, 15% for trading rewards, and 38% dedicated to marketing efforts. This structure provides ample opportunities for both early and late investors to benefit from the project’s success. By maintaining a strong focus on fairness and inclusivity, Wall Street Pepe sets itself apart as one of the most promising new meme coins to watch in the cryptocurrency market this year.
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