Binance goes deeper, spends $ 500 million to help Elon Musk buy Twitter
Elon Musk’s $ 44 billion acquisition of Twitter actually includes investment from Binance, the largest cryptocurrency market, worth about $ 500 million. In addition, there are 19 other joint ventures totaling 7.1 billion US dollars.
This is according to a document of the US Securities and Exchange Commission (SEC) released on Thursday.
“We look forward to playing a leading role in bringing social media together with web3, including expanding our reach,” said Changpeng Zhao, CEO and Founder of Binance. And adoption of crypto and blockchain technologies. ”
Binance has not only infiltrated social networks, it has also infiltrated the media, investing $ 200 million in Forbes magazine, while Forbes has accused Binance of Attempts to deceive (deceive) and other topics related to crypto exchange.
But Zhao also insisted he would ensure freedom of the press would not be suppressed anywhere, and that Forbes would continue to be fairly independent.