Elon Musk’s acquisition of Twitter, completed on Thursday, also included a $500 million commitment from crypto’s largest trading venue, Binance. Going forward, that means, a major player in cryptocurrencies and “Web3” now has a stake in the social media giant’s success. Accounting for 1.3% of the company’s total value, the stake underscores Binance’s growing influence outside crypto. “We’re excited to be able to help Elon realize a new vision for Twitter,” Binance Founder and CEO Changpeng… Source link
Read More »Google and Tech Rivals Tap Cash Reserves to Realize Cloud Ambitions
Google and its rivals are wielding a new weapon in the battle for cloud-computing market share: big-dollar investments in companies that agree to sign on to their services. With Thomas Kurian serving as cloud chief executive since 2019 after a long tenure at Oracle Corp. , the Alphabet Inc. unit has been tapping its $142 billion treasure chest of cash to make it more attractive to customers. Google has taken… Source link
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