Through a recent tweet, Binance CEO Changpeng Zhao showed his support for Twitter as he backed Elon Musk amid the ongoing criticisms.
The acquisition of Twitter by billionaire Elon Musk has attracted several viewpoints and reactions from the crypto community where some of them made scathing criticism after the acquisition regarding the Twitter subscription, account verification, and crypto-blockchain features. However, the Binance CEO, Changpeng Zhao, looks optimistic about Twitter and its upcoming crypto goals as he speaks in support of Elon Musk while the community trends #GoodByeTwiiter and #RipTwitter.
Binance Plans To Venture Into Twitter Soon
After acquiring the social media giant Twitter, Elon Musk brought drastic changes and plans to the platform to serve users better. But now, the changes seem to force employees to quit the platform massively, as some of the executives and workers were asked to work 12 hours a day or even seven days a week.
Today, the CEO of Binance, Changpeng Zhao, stretched his support towards Twitter amid the criticism and ongoing trend of #RipTwitter. The trend #RIPTwitter exploded into action after the recent movements made by the Twitter CEO to choose between working intense, extremely hardcore, long hours or losing their job positions.
In a recent tweet, Binance CEO, Changpeng Zhao, mentioned the importance of FUD (Fear, Uncertainty and Doubt) to the recent steps made by Elon Musk. In response to Twitter’s all-time usage amid the turmoil, CZ said, “The more successful you are, the more people FUD about you. FUD makes you stronger, not weaker.”
Binance To Promote Elon Musk’s Authorial Display
The take-over of Twitter by Elon Musk has created a belief in Binance about its futuristic crypto goals. Recently, Binance invested $500 million in the social media platform to take the spotlight in venturing its crypto operations into Twitter. CZ believes that Twitter will provide free speech to users as he said, “Free speech is a prerequisite for having freedom of money, which we are building for.”
CZ thinks that Twitter will be able to deliver a unique business model with the integration of the crypto space as Elon Musk himself is a crypto enthusiast who is known as the ‘Dogecoin-father’. As Twitter has enough potential to drive the Web3 infrastructure to the future, it marks an excellent reason for Binance’s interest in the social media giant. Regardless of the short-term price fluctuations in the crypto market, Twitter has a long-term vision of placing the crypto space at the top, making an excellent value for Binance if the crypto giant ventures into Twitter.
Zhao said, “We believe Twitter has tremendous untapped value. Twitter has not had a proper business model yet. We believe Elon and crypto can help unlock innovative business models that do not involve selling user data. Welcome to Web3.”
However, there are some solid adverse reactions from the crypto space as the Doge creator Billy Markus takes the jibe over Twitter and compares it to the downfall of Google Plus. Markus also presents viewpoints on Twitter employees in his recent tweet thread, saying that the company employees now plan to run with money instead of devoting long working hours to save a ‘dying company’ (Twitter).
