YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether. Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake. “I truly believe Tether is the perfect partner that can put a rocket pack on the back…
Tag: 775M
Burrata Raises $7.75M From Stripe, Variant to Build Identity Data Bridge
Even so, vetting PII is table stakes whenever money’s involved online. Identity, credit scores and social network reputation metrics “will help make the web 3 markets much more efficient,” and accessible to the non-crypto crowd, said Osama Khan, who previously worked at customer data platform Segment. Source