Monetization
Twitter monetization and free speech drove Binance’s $500M injection: CZ
Binance CEO Changpeng “CZ” Zhao has explained the reasoning behind its $500 million co-investment into Elon Musk’s Twitter, citing monetization potential, crypto community free speech, and the opportunity to eventually “help bring Twitter into Web3.” CZ’s comments came from an Oct. 31 CNBC Squawk Box segment, where he explained what drove his co-investment with Elon Musk to acquire the social media platform noting: “I believe Twitter has not been monetized well, it has not grown well, there’s many tactical problems like bots that spam my comments, there’s scammer accounts on there, it’s not been run well.” “But I think the platform has huge value in itself, and especially now with Elon at the helm, we’re very confident,” he added. Binance has not wavered...
Microsoft sees growth amid pandemic computing demands
Microsoft on Wednesday reported rising revenues in the past quarter amid strong demand for cloud computing services from pandemic-hit businesses and consumers and big gains in its Xbox gaming operations. Profits in the quarter ending June 30 fell 15 percent to $11.2 billion, the result of increased tax charges compared with a year ago. Revenue meanwhile rose 13 percent to $38 billion, led by strong gains in its cloud computing and its Xbox gaming services. Chief executive Satya Nadella said Microsoft was equipped to deal with the coronavirus pandemic with its “integrated, modern technology stack.” “We are seeing businesses accelerate the digitization of every part of their operations from manufacturing to sales to customer service,” Nadella told a conference call. Microsoft shares dipped s...
