Twitter -Binace BNB/USD CEO Changpeng Zhao has revealed the reason that made him also pump millions into the Twitter company.
Speaking for the first-time since Elon Musk was reported to have taken over the company, Zhao said that the microblogging website, for long, lacked proper business model and that the coming in of Musk and cryptocurrencies will definitely unlock further creativity.
Listing a total of six reasons for investing a whopping $500 million into Twitter, Zhao openly advocated for Musk’s new $8 subscription feee for blue ticks.
He however appeared to remain mum on the Musk’s quick firing of the 50 percent key staff members at Twitter headquarters.
“We support free speech. Twitter is the global Townsquare. From singers/athletes/movie stars to politicians/CEOs/entrepreneurs, the crypto community and us little guys, Twitter gives us our voice. This alone is enough for us to invest,” Zhao noted.
Zhao added that, with free speech comes free flow and freedom of money on which Twitter will built its expansion and sustainability.
The crypto master argued that with Mr. Musk, nothing can go wrong in business.
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