ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

Reason behind Binance Investing $500 Million into Elon Musk’s Twitter Deal

Share On Facebook
share on Linkedin
Print

The biggest crypto exchange Binance was one of those giving financial aid to Elon Musk’s acquisition of Twitter. As a result, this has seen Binance investing $500 million into this deal. The CEO of Binance opines that this media platform will get rid of numerous issues, which includes spam remarks and fraud account.

©

Twitter Ought to Record Profit Will Under the New Leadership
Following much discussion between Binance and Musk, he legally bought Twitter during the past week at $44 billion. Also, notable organizations in the crypto industry such as Fidelity, Sequoia, and Binance, also invested hundreds of millions of dollars into this deal

Reason behind Binance Investing $500 Million into Elon Musk’s Twitter Deal

What Musk Has in Plan for Twitter
Recently Elon Musk revealed his plans to transform Twitter into an “everything application” through which people can do things like booking a taxi, messaging each other, and even doing their shopping online and so on. Minding his support towards the number one meme coin (Dogecoin), this caused people think that the coin will play a key role in Twitter’s coming development.

Furthermore, Dogecoin has been displaying good performance ever since Twitter was bought by Elon Musk. Meanwhile, it has been bought and sold for around $0.07 during the day when the deal was sealed. At the present, this coin now trades around $0.15, which is a 115% increase in price.

Learn from market wizards: Books to take your trading to the next level

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com