Binance’s CEO and founder Changpeng Zhao made headlines outside his typical wheelhouse of web3 as an investor in Elon Musk’s Twitter buyout. Zhao, who put in $500 million, told an audience at Web Summit in Lisbon, Portugal this week that he would consider joining the social media company’s board if Musk asked him to do so.
But why is he eager to get involved with the messy process of running a social media company when that seemingly has little to do with crypto, Binance’s core business? Essentially, what’s in it for the exchange?
Elon Musk has said Twitter will charge $8 (£7) monthly to Twitter users who want a blue tick by their name indicating a verified account.
As part of changes after a $44bn (£38bn) takeover of the social media site, Mr Musk said it was “essential to defeat spam/scam”.
A blue tick mark next to a username – normally for high-profile figures – is currently free.
The move could make it harder to identify reliable sources, say critics.
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AS SOCIAL MEDIA platforms have evolved, they’ve become more and more about the moment—what you’re doing now, rather than what you were doing five years ago. While looking back through photos and posts can be heart-warming and provide a buzz of nostalgia, it can also be painful and embarrassing.
If your social media life spans more than a few years then you might not want friends, family, or prospective employers looking back on the sort of person that you used to be. Here we’ll show you how you can scrub your timelines on the three biggest social platforms, using both built-in tools and third-party add-ons.
For years, Twitter (TWTR) and Facebook (FB) have enjoyed a healthy rivalry: They’ve competed for acquisitions, talent and advertising dollars, and sometimes gone so far as to copy each others’ features in the never-ending pursuit to grow their audiences.
But the clash between the two tech companies appeared to take on new life this week after Twitter’s decision to place fact-check labels on some of President Donald Trump’s tweets sparked a series of threats, including an imminent executive order regulating social media companies.
The CEOs of the two companies traded criticisms in public. Former employees posted their own jabs on social media. And some legislators were quick to highlight the differences between the approach Twitter and Facebook took, potentially only adding to the tensions.
Since 2016, social media sites including Facebook, Twitter, and YouTube have vowed to crack down on misinformation related to elections. Monday, they faced their first big test, when delayed results from the Iowa Democratic caucus gave rise to partisan infighting, rampant misinformation, and conspiracy theories. Unsurprisingly, things didn’t exactly go according to plan. Twitter struggled to contain viral electoral misinformation and unfounded accusations of vote rigging from Trump allies, while Facebook grappled with disinformation.