According to a Sunday notification from Big Crypto Alert, Changpeng Zhao, the CEO of Binance, stopped following Elon Musk, the CEO of Tesla and SpaceX, on Twitter. It is not known why CZ made this decision, and a Binance spokesperson declined to comment on the matter. However, the spokesperson did confirm that Binance’s $500 million investment in Twitter from last year remains unchanged.
Binance CEO CZ unfollows Elon Musk on Twitter
Binance CEO Changpeng Zhao has reportedly unfollowed Elon Musk on Twitter, as per a notification from Big Crypto Alert on Sunday. The reason for this move is not known, and a Binance spokesperson declined to comment on the matter.
However, the spokesperson confirmed that Binance’s $500 million investment in Twitter from last year is still active. This action by Zhao has captured the attention of the crypto community, leading to speculation and questions. One Twitter user named Lucra believes that Zhao may have unfollowed Musk because Twitter partnered with eToro instead of Binance, even though Zhao helped fund Twitter’s acquisition.
Last month, eToro announced a collaboration with Twitter that allows users to view real-time prices of various stocks, crypto, and other assets, with the option to invest through eToro. It is unclear whether Musk has always been not following Zhao on Twitter.
Binance’s $500 million investment in Twitter remains intact
In October last year, Binance supported Musk’s acquisition of Twitter, which was valued at $44 billion, by investing $500 million in the social media platform. At the time, Zhao expressed enthusiasm for assisting Musk in achieving his vision for Twitter, which involves integrating crypto and blockchain technology with social media and the web3.
Recently, Musk announced Linda Yaccarino as Twitter’s new CEO, with plans to shift his focus to other areas such as product design and new technology. Yaccarino, a former head of advertising at NBCUniversal, will be responsible for leading Twitter’s business. Together, they aspire to transform Twitter into an “everything app” called X, which Musk has been seeking.
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