Binance's CEO says it invested $500 million into Twitter because the now Elon Musk-led company will likely improve its monetization potential, integrate crypto solutions, and promote free speech.
behind its $500 million co-investment into Elon Musk’s Twitter, citing monetization potential, crypto community free speech and the opportunity to eventually “help bring Twitter into Web3.”from an Oct. 31 CNBC Squawk Box segment, where he explained what drove his co-investment with Elon Musk to acquire the social media platform noting:
“But I think the platform has huge value in itself, and especially now with Elon at the helm, we’re very confident,” he added.since it first announced its support The Binance CEO said Twitter’s difficult price valuation didn’t impact its investment decision as they considered the long-term prospects to be strong while giving crypto a “seat at the table” when it comes to free speech:
However, decisions as to what Twitter accounts are re-activated won’t lie in the hands of Musk, who said that a new “content moderation council” will bear the duty toHowever, the billionaire entrepreneur confirmed in a tweet that the council will exercise its discretion with “widely diverse viewpoints.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance CEO says support for free speech is reason he invested in TwitterThe chief executive of Binance, the world's largest crypto exchange, said he was 'extremely supportive' of freedom of speech and that was the main reason why his company decided to invest $500 million into Elon Musk's buyout of Twitter Inc.
Read more »
Binance CEO CZ said he invested $500M in Twitter for free speechCZ, the CEO of Binance, has bet big on Musk's Twitter buyout with a $500 million investment, saying he is 'extremely supportive' of the freedom of speech
Read more »
Binance CEO CZ said he invested $500M in Twitter for free speechCZ, the CEO of Binance, has bet big on Musk's Twitter buyout with a $500 million investment, saying he is 'extremely supportive' of the freedom of speech
Read more »
BNB jumps to new BTC all-time high as Elon Musk's Twitter fuels DOGE bullsLooks like there is a new player in town. Excitement is taking over for BNB and Dogecoin as market participants see strength continuing over the cryptocurrency’s future role on Twitter.
Read more »