Rumble, the premier conservative-friendly YouTube alternative, has just gotten some major backing from right wing investors.
From The Daily Caller:
Venture capital fund Narya Capital, co-founded by J.D. Vance, and investor Peter Thiel are leading the investment, the precise value of which remains undisclosed, according to the Wall Street Journal (WSJ). People familiar with the matter described the investment as significant, adding that the fund values Rumble at around $500 million.
Rumble is reportedly planning on using the money to enhance its video infrastructure and server capacity to the extent that it can start offering cloud solutions to other businesses, Rumble Chief Executive Chris Pavlovski told The WSJ.
“The growth of Rumble has created a vehicle for us to start offering cloud solutions to businesses,” Pavlovski said in an interview. “This will be a major play against Big Tech.”
The video platform founded in 2013 was initially thought of as a place for funny pet videos. However, its popularity surged in the months following the increasing censorship of conservative views by the “Big Tech,” including Twitter, YouTube, Facebook, Apple and others, the report said. Its monthly visits reportedly jumped from 800,000 in August to 25 million in October 2020.
This is a major strike against big tech. YouTube has repeatedly censored right-leaning content and is currently pushing hyper-partisan content to the homepage of every user regardless of what content they are interested in.