The blue bird in the web 3 – Twitter is now owned by Elon Musk and Binance. The cryptocurrency exchange has been on the list of investors who have not let go of the Tesla founder since the billionaire announced his plan to buy the social network earlier this year.
A crypto investor at Twitter
On October 28, in an emailed statement to news outlet CoinDesk, Binance confirmed that it had invested alongside Elon Musk in the takeover of Twitter.
In a tweet posted the same day, Changpeng « CZ » Zhao reported that the crypto exchange had wired the $500 million contribution to the operation, ” 2 days ago “.
As the CEO of Binance pointed out in another tweet, now the social network has at least a crypto investor in his capital.
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Elon Musk releases the blue bird
In addition, we also learn that, now at the helm of the blue bird social network, Elon Musk has dismissed some of the management staff. Indeed, 3 key people were thanked:
- Its managing director, Parag Agrawal ;
- The financial director, Ned Segal ;
- Vijaya Gaddethe Head of Legal, Trust and Safety Policy.
The new director of Twitter thus confirms his intentions to change Twitter and free it from bots, the scourge of the social network, but also of its staff.
Waiting to see the next ones concrete achievements of Twitter in favor of the web3, this cryptocurrency has already took advantage of the changes within the social network to explode.
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