Forbes Announces $200 Million Strategic Investment From Binance

[bitmover]

Forbes Announces $200 Million Strategic Investment From Binance

Forbes, the iconic business information brand that convenes and curates the most influential leaders driving change, and Magnum Opus Acquisition Limited (NYSE: OPA) (“Magnum Opus”), a publicly traded special purpose acquisition company, today announced a $200 million strategic investment from Binance, one of the world’s largest cryptocurrency and blockchain infrastructure providers.'

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“Forbes is committed to demystifying the complexities and providing helpful information about blockchain technologies and all emerging digital assets,” said Mike Federle, CEO, Forbes. “With Binance’s investment in Forbes, we now have the experience, network and resources of the world’s leading crypto exchange and one of the world’s most successful blockchain innovators. Forbes, already a resource for people interested in the emerging world of digital assets, can become a true leader in the field with their help.”

https://www.forbes.com/sites/forbespr/2022/02/10/forbes-announces-200-million-strategic-investment-from-binance/?sh=45f1608d57e2\

It is impressive how much binance is growing. They are building an empire. They have so much money, they are expanding so much.

Forbes is one of the most famous business magazines in the world, founded in 1917 (more than 100 years ago). Now binance is acquiring a part of it. Where will binance stop?

I believe this is good news for bitcoin, because forbes will now talking more about bitcoin. On the other hand, I feel binance is becoming so big that it may become a problem for this ecosystem.

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[CryptocurencyKing]

Bitcoin continues to gain more and more unsolicited publicity to it. Though, binance may have its own coin in the BNB, Bitcoin still stands out as a reference point for all cryptocurrencies and crypto related commodities or investment. Hence, one is likely to never go crypto without going a bit of bitcoin.
Best of it is, this is forbes. Known for there reputation around the world and have been in the business of giving actual ratings on everyone or thing of value around the globe. A little news or talks of crypyos on the positive side would be a spark to the right direction and that would be all because of this move from Binance. Good one!

[n0ne]

Already some countries have warned Binance, Uk have banned the usage of Binance within the country. Maybe the regulators studied the growth and might've understood the unstoppable growth of Binance. Acquiring Forbes is really a big thing, and this will pave path for increased visibility to the cryptospace. Over the years media never show bitcoin with a positive comment, slowly this has been changing all around. Now a perfect investment from Binance will widen it's market, but countries will always have fear that they're losing control as media has the power to make anything big as well as low.

[fillippone]

Nothing new.
Industrial power always wanted to control information to have favourable press.
So now, crypto industry pours some money on the media in the desperate seek for favourable press.
I would have done the same if I were CZ (spoiler alert: I am not him).

[Obito]

Already some countries have warned Binance, Uk have banned the usage of Binance within the country. Maybe the regulators studied the growth and might've understood the unstoppable growth of Binance. Acquiring Forbes is really a big thing, and this will pave path for increased visibility to the cryptospace. Over the years media never show bitcoin with a positive comment, slowly this has been changing all around. Now a perfect investment from Binance will widen it's market, but countries will always have fear that they're losing control as media has the power to make anything big as well as low.

Even if they've acquired Forbes as an endorser or partner of some sort, I am pretty sure that if a government is defiant that they're banning an app, they will probably do so even if there's big names involve. Unless, Binance or Forbes can lobby a selected number of politicians to prevent the bans but it's too far fetch to happen. This is good though because I am sure that Forbes would want to talk about it in their magazines.

[batang_bitcoin]

It is impressive how much binance is growing. They are building an empire. They have so much money, they are expanding so much.

Forbes is one of the most famous business magazines in the world, founded in 1917 (more than 100 years ago). Now binance is acquiring a part of it. Where will binance stop?

I believe this is good news for bitcoin, because forbes will now talking more about bitcoin. On the other hand, I feel binance is becoming so big that it may become a problem for this ecosystem.

I agree, this is no longer just all about them but also integrating with other businesses that will help spread the information quickly about cryptocurrencies. There might be other companies in other industries that binance is trying to study of how it will help them entirely with their operations. They might be now on this stage that they'll do to make an empire for cryptocurrencies through these companies that are not even built and focused in crypto.

[Fortify]

Forbes Announces $200 Million Strategic Investment From Binance

Forbes, the iconic business information brand that convenes and curates the most influential leaders driving change, and Magnum Opus Acquisition Limited (NYSE: OPA) (“Magnum Opus”), a publicly traded special purpose acquisition company, today announced a $200 million strategic investment from Binance, one of the world’s largest cryptocurrency and blockchain infrastructure providers.'

...

“Forbes is committed to demystifying the complexities and providing helpful information about blockchain technologies and all emerging digital assets,” said Mike Federle, CEO, Forbes. “With Binance’s investment in Forbes, we now have the experience, network and resources of the world’s leading crypto exchange and one of the world’s most successful blockchain innovators. Forbes, already a resource for people interested in the emerging world of digital assets, can become a true leader in the field with their help.”

https://www.forbes.com/sites/forbespr/2022/02/10/forbes-announces-200-million-strategic-investment-from-binance/?sh=45f1608d57e2\

It is impressive how much binance is growing. They are building an empire. They have so much money, they are expanding so much.

Forbes is one of the most famous business magazines in the world, founded in 1917 (more than 100 years ago). Now binance is acquiring a part of it. Where will binance stop?

I believe this is good news for bitcoin, because forbes will now talking more about bitcoin. On the other hand, I feel binance is becoming so big that it may become a problem for this ecosystem.

It looks like they're gearing themselves up to work in lots of advertising on the forbes network and probably slide in plenty of "infotainment" pieces to push their company. It'll be rather helpful positioning as they try to build a better reputation in the US, I remember them wanting to get a listing like Coinbase but they've faced a lot of pushback from regulators lately. It just goes to show how swimming in money they are, I was frankly shocked at the price of their withdrawal fees when using them over a year ago and they likely make a staggering amount of money from the pretty sophisticated crypto trading platform setup that they offer customers.

[Bttzed03]

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It looks like they're gearing themselves up to work in lots of advertising on the forbes network and probably slide in plenty of "infotainment" pieces to push their company.

I guess that's the main idea behind the $200 Million investment. They want to tap into Forbes' network and hope they could get more institutional investors choose them over other competitors like Coinbase. That's some serious money there but it could pay off.

[_act_]

Forbes is one of the most famous business magazines in the world, founded in 1917 (more than 100 years ago). Now binance is acquiring a part of it. Where will binance stop?

I believe this is good news for bitcoin, because forbes will now talking more about bitcoin. On the other hand, I feel binance is becoming so big that it may become a problem for this ecosystem.

It is not a problem, the world if full of politics and some lies to back up some facts, this is not the first.

CZ bought Coinmarketcap, and see it is for his own favour.

Buying this will be in his favour, what I know about Forbes is that they give information to the world, I have known many people, if they want to check for something online that Forbes provide, they will not just search for it online, they will include Forbes, this will be a great benefit for CZ.

We will be expecting more from Forbes that includes crypto articles in a way Binance, Trustwallet, SafePal, Coinmarketcap and other CZ products will be advertised.

[oHnK]

Nothing new.
Industrial power always wanted to control information to have favourable press.
So now, crypto industry pours some money on the media in the desperate seek for favourable press.
I would have done the same if I were CZ (spoiler alert: I am not him).

Because it is a beautiful lie as long as you can control the media industry.  How a media conglomerate has brought the world it is increasingly difficult to distinguish which are facts and which are settings.  When Binance took this step, I didn't agree with desperation but this is a step that must be taken, especially since Binance is one of the largest exchanges, when something very high will definitely be easily hit by issues so that one strategy to mitigate bad things for their business is to invest  in the media.  At least this is enough to make investors a little happy that there are backups of media that are too intimidating for crypto developments.

[mia_houston]

~
It looks like they're gearing themselves up to work in lots of advertising on the forbes network and probably slide in plenty of "infotainment" pieces to push their company.

I guess that's the main idea behind the $200 Million investment. They want to tap into Forbes' network and hope they could get more institutional investors choose them over other competitors like Coinbase. That's some serious money there but it could pay off.

Isn't that a pretty good business strategy?
Forbes is one of today giant media companies, so the merger between binance and forbes will certainly make binance grow and be able to attract more big investors to invest in their platform, to be honest even though coinbase is also a big exchange platform, but I think it will be very difficult for them to compete with Binance even though in the next few years, Changpeng Zhao's business spirit is quite good at seeing every profitable opportunity for his company, so when he decided to invest $200 million, of course he had seen it as an opportunity to earn huge profits for both him and binance in the future.

[Lucius]

It is impressive how much binance is growing. They are building an empire. They have so much money, they are expanding so much.

For me it is the empire on very clumsy foundations, because regardless of the money they obviously have, the background of the whole story about that company is still in the grey zone, considering that even they HQ is not known. Their CEO once responded to that directly and said that the company HQ is where he is at the moment.

I believe this is good news for bitcoin, because forbes will now talking more about bitcoin. On the other hand, I feel binance is becoming so big that it may become a problem for this ecosystem.

Binance is far from being exclusively focused on Bitcoin, so I do not think there will be more content on that topic. It would be somehow mixing in editorial politics, although someone will say that for $200 million they have the right to say something.

[el kaka22]

I am not entirely sure what "strategic investment" means. I mean this is a ton of money and everyone involved should be making money in a deal like this. But, I do not get what this is about. Binance is not really getting part of Forbes from what I gather, so they are just making Forbes more crypto friendly basically? Like "we are giving you this much, so you should act icily about crypto in your magazine" type of deal?

I do not know what this is, I read the article and I did not get it at all. It still seems a bit weird to me but it is good to see Binance spending their money to grow what bitcoin and crypto is all about and promoting it to whole world as fast as they could.

[dimonstration]

I believe this is good news for bitcoin, because forbes will now talking more about bitcoin. On the other hand, I feel binance is becoming so big that it may become a problem for this ecosystem.

It is a good news and on the other hand that you say about binance becoming a problem for the ecosystem I ask in what type of way?

By manipulating press and use it for his personal gain(Binance). Crypto is well known for being volatile when it comes to main stream media manipulation and since Forbes is one of the top news outlet currently available, CZ is now free on whatever he wants on expressing his personal view in crypto. You will understand what I mean if you visit his twitter account and read all of his previous tweet. This move might result of tons of newbie crypto investors that lose many because they were just hype to enter here due to superficial interest in crypto.

[fiulpro]

The net worth of the company's CEO is close to 96.5 billion $ which honestly is a big spike from the year bitcoin actually started out.

Forbes is very well established and at the same time them investing in Forbes would mean the overall investment of their value as well will grow.

We already have the binance coin in the market and that could be overall a good estimation of how strong the whole thing is.

We all remember that even in 2019 hackers stole a huge sum from them which have still not stopped their market domination.

Considering mainstream manipulation I think it's hard to think about a company who does not do that.

[FanEagle]

The fact that something as financially media heavy as Forbes which has a huge manipulation power if they ever want to getting this kind of money from Binance is a big deal. CZ himself is worth nearly 100 billion dollars and this shows that rich people could easily manipulate the market however they want to. As we have heard from Binance now that they are turning their business model a bit towards BNB and less to Binance.

Not that Binance would not make them money, it must be making them insane amount of money, the day they could turn Binance into a USA based company if they can, open up to wall street and get IPO, CZ could be the richest person in the world, seriously wouldn't be difficult to do just requires a bit more heavy regulations and that's it. All in all he could spend a billion dollars just on media purchases and increase the value of his company, his network and his networth at the same time. Media is THAT powerful.