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Rumble offering to buy Tik Tok

Posted on 3/12/24 at 11:08 am
Posted by Revelator
Member since Nov 2008
58027 posts
Posted on 3/12/24 at 11:08 am


Just saw this meme from CNS, but there was no accompanying story.
Would be huge if true. Dan Bongino is a major owner of Rumble.
Posted by momentoftruth87
Member since Oct 2013
71455 posts
Posted on 3/12/24 at 11:10 am to
Govt will block that haha
Posted by saint tiger225
San Diego
Member since Jan 2011
35408 posts
Posted on 3/12/24 at 11:11 am to
Here's a daily mail article on it

quote:

A letter from Rumble CEO Chris Pavloski surfaced on the company's X page Tuesday, declaring his online video platform is ready to 'acquire and operate TikTok in the US.'

Pavloski stated his case further by explaining Rumble would store data safely and securely in the US with its newly launched cloud service that advocates for 'the free and open internet.'

The letter comes as the House of Representatives has threatened to ban TikTok if its parent company ByteDance does not sell, citing national security concerns about the Chinese government's access to user data.
quote:

Rumble stocks soared by more than 15 percent just moments after Pavloski's offer surfaced.

'In the event that ByteDance divests its ownership in TikTok, Rumble is ready to join a consortium with other parties seeking to acquire and operate TikTok inside the United States,' Pavloski wrote.

The letter comes one day after Rumble announced the launch of the Rumble Cloud, which Pavoski said aims to combat censorship and advocate for the 'free and open internet,' FOX Business reported.

The CEO also said that his company values 'freedom of expression and the First Amendment,' which is what many TikTok users have said will be lost if TikTok is banned in the US.

Florida-based Rumble has proclaimed itself as being one of the few 'neutral' and 'independent platforms, bit the company has received investments from several right-wing figures like Vivek Ramaswamy and Peter Thiel.
This post was edited on 3/12/24 at 11:13 am
Posted by Revelator
Member since Nov 2008
58027 posts
Posted on 3/12/24 at 11:19 am to
Thanks Saint!
This post was edited on 3/12/24 at 11:20 am
Posted by Big Scrub TX
Member since Dec 2013
33406 posts
Posted on 3/12/24 at 11:22 am to
quote:

Rumble offering to buy Tik Tok
Rumble's market cap is $2B. Tik Tok is trading at $250 Billion on the secondary market.
Posted by Bunk Moreland
Member since Dec 2010
53391 posts
Posted on 3/12/24 at 11:23 am to
That was my initial thought.
Posted by cajunangelle
Member since Oct 2012
146840 posts
Posted on 3/12/24 at 11:29 am to
I saw this and other theories on Newsmax2 last night.

Essentially that the CCP would be removed as controlling content.

I see the RonBots trolling the board as if Ron wouldn't have been Romney 2.0---- And he is super Conservative that wants to ban abortion and Ms. Kim endorsed him! Ron would beat up the CCP from his fighter jet plane
Posted by Leto II
Arrakis
Member since Dec 2018
21308 posts
Posted on 3/12/24 at 11:30 am to
quote:

Rumble's market cap is $2B. Tik Tok is trading at $250 Billion on the secondary market.


/thread
Posted by saint tiger225
San Diego
Member since Jan 2011
35408 posts
Posted on 3/12/24 at 11:34 am to
quote:

cajunangelle

It's a shame you take up oxygen the rest of us could be using.
Posted by cajunangelle
Member since Oct 2012
146840 posts
Posted on 3/12/24 at 11:36 am to
I think the overall point is to get TT out of the CCP's control.

But can it be trusted they won't backdoor in? Everything is MADE IN CHINA and then there is Temu.

Posted by GumboPot
Member since Mar 2009
118819 posts
Posted on 3/12/24 at 11:39 am to
quote:

Rumble's market cap is $2B. Tik Tok is trading at $250 Billion on the secondary market.


How much is the U.S. part of TikTok worth?
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
34764 posts
Posted on 3/12/24 at 11:41 am to
There is no way rumble can afford that
Posted by GumboPot
Member since Mar 2009
118819 posts
Posted on 3/12/24 at 11:47 am to
quote:

There is no way rumble can afford that


If a deal worked out it would be new investment under the Rumble corporate structure.
This post was edited on 3/12/24 at 1:00 pm
Posted by saint tiger225
San Diego
Member since Jan 2011
35408 posts
Posted on 3/12/24 at 11:51 am to
It's not just rumble, that's just a headline name...
quote:

Rumble is ready to join a consortium with other parties seeking to acquire


ETA - I don't think it happens, but it's interesting.
This post was edited on 3/12/24 at 11:52 am
Posted by Big Scrub TX
Member since Dec 2013
33406 posts
Posted on 3/12/24 at 12:08 pm to
quote:

How much is the U.S. part of TikTok worth?
Not sure that's relevant to whatever government order comes down, but hard to think it would be less than $40B or so.
Posted by idlewatcher
County Jail
Member since Jan 2012
79150 posts
Posted on 3/12/24 at 12:39 pm to
quote:

It's a shame you take up oxygen the rest of us could be using.


Why are you such a prick?
Posted by Pezzo
Member since Aug 2020
1952 posts
Posted on 3/12/24 at 12:56 pm to
their press release said they are "ready to join a consortium with other parties seeking to acquire TikTok inside the United States"
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73740 posts
Posted on 3/12/24 at 12:59 pm to
quote:

Why are you such a prick?


Because hes a fedora wearing nerd from Hillcrest

They are the worst type of ppl that exist. They were the types that voted against the Stadium in DT San Diego cause they thought their taxes would be raised

Like they make any money
Posted by saint tiger225
San Diego
Member since Jan 2011
35408 posts
Posted on 3/12/24 at 1:09 pm to
You sure are obsessed with spreading lies about me. Get a life.
Posted by mwade91383
Washington DC
Member since Mar 2010
5639 posts
Posted on 3/12/24 at 1:33 pm to
Why would an institutional investor/VC type want to partner w a fringe right barely relevant online video platform?

Like what’s strategic about that for a 3rd party buyer or TikTok? ESP when they bring such little capitol to the table and brand recognition is virtually nonexistent at best, and a huge liability at worst.

In other words, I’d be shorting Rumble (popped 20% today) bec it’s unlikely to ever happen.
This post was edited on 3/12/24 at 1:35 pm
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