The CEO of Binance, Changpeng Zhao (CZ), has recently unfollowed Elon Musk, the owner of Twitter, on the social media platform. However, it appears that Binance’s investment in Twitter remains unaffected by this action.
According to cryptonews report, the reason behind CZ’s decision to unfollow Elon Musk remains unknown, sparking speculation among online communities. Some speculate that it could be related to Musk’s collaboration with eToro for trading on Twitter, rather than using Binance.
In April, Twitter and eToro announced a partnership that allows users to buy and sell cryptocurrencies, stocks, and other financial assets directly on the social media platform.
Despite the unfollowing incident, Binance has confirmed that it will maintain its $500 million investment in Twitter. A spokesperson for Binance verified this information.
Binance initially announced its commitment to invest $500 million in Twitter during May of the previous year, in response to Musk’s proposed $44 billion buyout of the social media giant.
When questioned about standing by the financial commitment to Musk in October 2022, CZ stated, “I think so.” This suggests that Binance intends to uphold its investment in Twitter.
In November, Zhao shared that there were “very strong reasons” behind Binance’s decision to invest in the social media platform, although the specific details were not disclosed.
