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Home Exchanges

Twitter: Elon Musk and Changpeng Zhao ready to nest

by Ashutosh Thakur
November 3, 2022
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Musk and Zhao at the head of Twitter? – The announcement of takeover of Twitter by Elon Musk made headlines at the end of October. The crypto stock market Binance is one of those who have contributed to this acquisition of the social network by the whimsical billionaire. The founder of the exchange platform, Changpeng « CZ » Zhaowould thus be seen well in board of directors the Twitter.

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Changpeng Zhao says ready to step into Twitter leadership

After much procrastination from both sides, Elon Musk and the leaders of Twitter finally agreed. The founder of Tesla and SpaceX therefore bought all of the actions TWTR of the social network, for 44 billion the dollars.

The cryptocurrency exchange platform Binance contributed to the deal by providing 500 millions of dollars. As reported in particular by The Block, the CEO of the exchange, Changpeng Zhaowould see himself helping Elon Musk also at the level of the management/direction the Twitter.

During a conference in Lisbon (Portugal), Changpeng Zhao indeed signaled that he would ready to roll up their sleeves to straighten out Twitter if necessary. Believing that there is “many things to change” on the social network, CZ would be available to Elon Musk.

“Elon is still deciding [des membres] of the board of directors, if he asks me to be part of it, I will probably join him. »

Changpeng Zhao, CEO and Founder of Binance

CZ claims, however, that he don’t “die for” to join this board. Still, his company seems to want to be very involved in the big cleaning which is announced at the social network at the blue bird. Indeed, Binance wants to help Musk to fight against fake accounts and other spam-bots that haunt Twitter.

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