CZ, 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
, said the world's largest crypto exchange by trading volume has invested $500 million in Elon Musk's acquisition of Twitter, which was worth $44 billion. His investment was driven by a love of free speech.
"Number one, we want to be extremely supportive of free speech. As a business, we are helping to increase the freedom of money, and free speech comes before freedom of money, so we need to help maintain free speech," Zhao said. He made the comments at theZhao confirmed Binance's investment into Twitter on October 28 via a tweet, saying his intern had wired $500 million.
Zhao is an avid Twitter user, with 7.2 million followers."I use the Twitter app more than I use the Binance app," he said at the Web Summit. That's because he doesn't trade, but uses the Binance platform to store his cryptocurrencies, he added. Binance is not the only high-profile backer to Musk's acquisition of Twitter. Other high-profile investors in the deal include the
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Twitter monetization and free speech drove Binance’s $500M injection: CZBinance'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.
Leer más »
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.
Leer más »
Hate Speech on Twitter Jumps 500% in First 12 Hours of Elon Musk Takeover: ReportNew data shows a drastic rise in hate speech on Twitter, just hours after it was officially acquired by billionaire and Tesla CEO Elon Musk.
Leer más »
Fake news of Trump's death spreads on Twitter amid misinformation backlashTrumpIsDead trended on Twitter amid backlash over Elon Musk's 'free speech' moderation policy and plan to offer 'blue check' verification for a fee.
Leer más »
What Elon Musk's Twitter acquisition means for the midterm electionsThe arrival of Musk may fuel harmful speech on Twitter in the days before the election.
Leer más »
Gettr users 'way up,' 'damage' to Twitter brand has already been done: CEO Jason MillerGettr CEO Jason Miller joined Mornings with Maria to discuss Elon Musk's Twitter takeover and the impact it has had on the platform, saying the number of Gettr users are increasing.
Leer más »