Binance joins funding for Elon Musk's takeover of Twitter

[Tokenista]

This probably means there will be some new competition for Twitter soon, in the Model of Parlour, but hopefully not with those Politics.

[iv4n]

I read this yesterday and I still don't know what to make of it. I doubt this is just about supporting free speech or whatever. Knowing CZ from his previous actions, he won't do this without any business motive in mind. Will we see Binance plastered all over Twitter ads? Will it become the exclusive crypto exchange? Or maybe Twitters users can use their account to create account in Binance?

All these possibilities in your questions seem to me very reasonable. The platform cannot make a contribution of this size just to contribute to ensuring freedom of expression. The two companies are supposed to announce partnership agreements or joint work.
The best that can be obtained in the framework of this cooperation is for users to be able to enter the world of crypto from the Twitter account to avoid all complications and add another layer of protection.

I must ask, is this confirmed news, that Binance joined funds with Elon!? We are talking about CZ and Elon, both of them are multi-billionaires, and now they are in control of one of the most popular social networks?
For sure they joined funds to make more money, they have a plan! And it looks like their plan has something with crypto! I guess now it's the question of which one! Is it time to buy more BNB?!

[Iyeman]

if they could just extends the implementation of NFT and metaverse in big platform like twitter it’s already enough, after all it seems NFT and defi are already stuck lately.
twitter could be a really huge platform for things like this, after all you can see how lively the twitter platform sometimes.
If it’s elon, i’m sure he gonna find a way for commercializing the platform either using cryptocurrency or not, but if it’s binance i’m sure its main purpose is anything related with cryptocurrency.

[Ever-young]

Binances as a company has a very wild dream of making crypto space a very favorable place for all. Investing in Twitter is a great move, because almost all crypto news are being carried out on twitter and it's price prediction, its a great win for the company and the crypto community at large.

[Sled]

if they could just extends the implementation of NFT and metaverse in big platform like twitter it’s already enough, after all it seems NFT and defi are already stuck lately.
twitter could be a really huge platform for things like this, after all you can see how lively the twitter platform sometimes.
If it’s elon, i’m sure he gonna find a way for commercializing the platform either using cryptocurrency or not, but if it’s binance i’m sure its main purpose is anything related with cryptocurrency.

They can use this platform for bigger benefits, that was I think. If their collaboration is true, that is certainly their intention to spread more news about crypto and to make use of Twitter as a medium of influence.

Well, for now. We never see the impact on the market which in fact, I expect something after.
Anyways, we know how these people took any chances that they could make money. That is a little bit surprising, maybe.

[yazher]

I think they have their own plan when they combine to manage Twitter and this might not be the same when they managed each other's company like you guys highlighting here. Of course, they will gonna need to have their own way to earn from advertisers and promotions but at the same time they need to hear what most of their users suggest for the right and convenience of everyone involves in it. Let's just look at how they will fit into each other managing such a colossal company and will gonna talk about it when the result is clear.

[Smack That Ace]

I read this yesterday and I still don't know what to make of it. I doubt this is just about supporting free speech or whatever. Knowing CZ from his previous actions, he won't do this without any business motive in mind. Will we see Binance plastered all over Twitter ads? Will it become the exclusive crypto exchange? Or maybe Twitters users can use their account to create account in Binance?

Do not link social media accounts to accounts containing your assets. That doesn't have any utility, just increases the chances of your property being stolen. Binance requires us KYC but they never reveal the user's identity to the community, linking to Twitter will reveal your identity, do you want that to happen?.

If CZ does what he did to coinmarketcap, then you can abandon all the hope for good. I had no problems with Elon’s twitter takeover but CZ is a whole different situation. Look at CMC, it looks like a whorehouse. I disabled countless ads with my adblocker to make it look right (which is the 90% of the current content)

You are exaggerating a bit, many websites/portals look much worse than CMC. For me, the most important thing is that the portal fulfills its function and does not allow any scams to advertise. Every business is about earning money, so advertising is no wonder.

All for the sake of making money, as long as there is no tolerance for scams affecting users, nothing to complain about here..

[cryptoaddictchie]

Another investment umbrella extended by Binance. We all knew CZ isnt just jumping into bandwagon and investing this huge money is something they look forward to have some profitable returns in the future. Who knows what Elon are planning to Twitter in fact he has a lot of fans and supported by Twitter OGs. Personally seeing many arent happy and some are like excited that Elon take over one of the famous social network.

[stepwilli]

I'm not surprised that happened, even if the richest person in the world like him teamed up with the owner of Binance to take over Twitter it really really benefits them. I don't know if CZ and Elon Musk have known each other for a long time or they are just normal business partners, but if that's true, maybe in the future Elon Musk will be a supporter of BNB to grow like dogecoin but CZ will still be the owner. This is very beneficial for BNB holders.

I would guess that they pretty much talked about crypto when Elon started to pump doge and took interest in crypto, that’s pretty much it. I mean you could build a friendship of course there is no way of knowing that but at the end of the day the meeting happened via twitter purchase reasons and it wasn't a bad decision for both of them. If they get together and turn twitter into more crypto friendly, integrate crypto type of stuff then it will change a lot.

Imagine binance having direct connection to twitter and making it widely adopted in twitter and every space of it? That would be something that would earn them insane amount of money for sure.

[nimogsm]

There is definitely commercial interest here, cz is well done expanding its spheres of influence.Now it will be interesting to see if there will be any changes on twitter, I wouldn't be surprised if there are any paid functions related to bnb.

[Gozie51]

CZ is looking up investment that will push binance higher and he is doing that on the media and publicity angle, visual and print. He is definitely channelling his business front on these areas. In the beginning of the year it was Forbes and now, new collaborating with Elon musk for twitter. This is definitely a good business strategy for CZ. He is to benefit more because binance ads will become the major flyer in twitter.

[diminizio]

no one knows, whether that means Elon Musk and CZ are old friends or just business friends. But in the future this will benefit both parties equally having their own coins. Slowly BNB, Doge, Tesla will soon rise high but that will be how they both bring twitter to cryptocurrency change to make it more alive. Even if it's a business partner, at least there will be a binance name on twitter right?

[eaLiTy]

no one knows, whether that means Elon Musk and CZ are old friends or just business friends. But in the future this will benefit both parties equally having their own coins. Slowly BNB, Doge, Tesla will soon rise high but that will be how they both bring twitter to cryptocurrency change to make it more alive. Even if it's a business partner, at least there will be a binance name on twitter right?

Binance is not the only partner is raising the funds for the take over, Elon Musk is taking funds from multiple of investors including Larry Ellison and there are even reports that he is getting funds from Saudi Arabia and venture capital companies will be taking part in this deal and a total of over $7 Billion is raised till now as per reports and there will be more funds coming in.

[kojektea]

CZ is very good at taking advantage of this opportunity, rather than just focusing on BNB which is still not strong enough to face a tough bear market, of course investing outside of cryptocurrencies is another way. Instead of making BNB much higher, taking over cryptocurrency and then getting Elon Musk's attention is also a way for BNB to indirectly fly again. I firmly believe BNB is the right coin to put money in.

[Bitstar_coin]

CZ is a businessman looking for ways established further. I don't know about you @op but If I were in the shoes of cz I would probably do same or much more just to be in business, you must understand to operate in that level requires gaining lots of partnership and good business relationships.
CZ knows how to play the game and that's the reason binance is at the top, they are always ready to take a bold step regardless of what people will say. People will always talk anyways so it doesn't matter. I really don't see what's bad in this. I look forward to the more revamp twitter.

[Lagduf]

no one knows, whether that means Elon Musk and CZ are old friends or just business friends. But in the future this will benefit both parties equally having their own coins. Slowly BNB, Doge, Tesla will soon rise high but that will be how they both bring twitter to cryptocurrency change to make it more alive. Even if it's a business partner, at least there will be a binance name on twitter right?

Binance is not the only partner is raising the funds for the take over, Elon Musk is taking funds from multiple of investors including Larry Ellison and there are even reports that he is getting funds from Saudi Arabia and venture capital companies will be taking part in this deal and a total of over $7 Billion is raised till now as per reports and there will be more funds coming in.

so basically its really isn’t solely owned by elon, I mean the majority stakes, I wonder if in the future elon gonna have real control over the innovation that he gonna be bringing in the platform.
there are many doubts out there that elon is just gonna monetize everything in the platform so hard starting with the tweets but it seems if he carrying all those big capital investment from somewhere else presumably like the figure you mentioned
it seems more likely that he gonna monetize the twitter as a platform really hard.

[yohananaomi]

There is definitely commercial interest here, cz is well done expanding its spheres of influence.Now it will be interesting to see if there will be any changes on twitter, I wouldn't be surprised if there are any paid functions related to bnb.

Of course what you said is true, where there will be something of interest there later, after CZ joined twitter. look at what @elonmusk said that after buying twitter it will become a private company, no longer a public company and will be listed on the US stock exchange. @elonmusk has partnered with some big businessmen to be able to participate in buying twitter and where CZ is also participating.
If CZ joins in investing in twitter, it can be concluded that BNB will also play a role there, maybe they will do something related to BNB's interests in the future.
this is certainly a very visionary action taken by CZ who will indeed expand his reach by joining twitter.

[Psynthax]

I wouldn't be surprised if there are any paid functions related to bnb.

Having small shares still meant nothing and the decision will always come from the party that has owned the majority of shares in the market. I think that you know this so well. When elon acquired all of shares of twitter and the decision is on his hand whether the twitter wanna try to accept the crypto currency or not. Being paid to be used is a very bad thing for the social media like twitter. This will make people retire from using this platform.

[electronicash]

I wouldn't be surprised if there are any paid functions related to bnb.

Having small shares still meant nothing and the decision will always come from the party that has owned the majority of shares in the market. I think that you know this so well. When elon acquired all of shares of twitter and the decision is on his hand whether the twitter wanna try to accept the crypto currency or not. Being paid to be used is a very bad thing for the social media like twitter. This will make people retire from using this platform.

retiring from using twitter is like punishing yourself. it's where everyone is in having voice. i think Elon is more democratic though unlike the previous board that suspends a lot of accounts when it's voicing out an opinion against the politicians they don't support.

but understand also that Elon is an investor and speculator who looks at a profit in every direction. he will make money out of twitter. CZ and Elon are like the conquerors of our time.

[coupable]

I read this yesterday and I still don't know what to make of it. I doubt this is just about supporting free speech or whatever. Knowing CZ from his previous actions, he won't do this without any business motive in mind. Will we see Binance plastered all over Twitter ads? Will it become the exclusive crypto exchange? Or maybe Twitters users can use their account to create account in Binance?

All these possibilities in your questions seem to me very reasonable. The platform cannot make a contribution of this size just to contribute to ensuring freedom of expression. The two companies are supposed to announce partnership agreements or joint work.
The best that can be obtained in the framework of this cooperation is for users to be able to enter the world of crypto from the Twitter account to avoid all complications and add another layer of protection.

I must ask, is this confirmed news, that Binance joined funds with Elon!? We are talking about CZ and Elon, both of them are multi-billionaires, and now they are in control of one of the most popular social networks?
For sure they joined funds to make more money, they have a plan! And it looks like their plan has something with crypto! I guess now it's the question of which one! Is it time to buy more BNB?!

I am not certain about the the value of BNB to increase because of this. Or maybe not BNB in particular because the impact should cover all the market.
What i found interesting is how the price of crypto decreased dramatically since Elon bought Twitter.