Twitter monetization and free speech drove Binance’s $500M injection: CZ

Cointelegraph

Published Nov 01, 2022 02:18AM ET

Updated Nov 01, 2022 04:00AM ET

Binance CEO Changpeng “CZ” Zhao has explained the reasoning behind its $500 million co-investment into Elon Musk’s Twitter, citing monetization potential, crypto community free speech and the opportunity to eventually “help bring Twitter into Web3.”

CZ’s comments came from an Oct. 31 CNBC Squawk Box segment, where he explained what drove his co-investment with Elon Musk to acquire the social media platform noting:

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