the real reason Musk bought twitter
Prominent former Morgan Stanley banker turned stablecoin firm CEO Caitlin Long said she had no doubts that Musk is using Twitter to further his long-held aim to change the payments sector
https://fortune.com/crypto/2022/10/31/the-real-reason-elon-musk-bought-twitter/
Musk has forecast $1.2 billion in payment income for Twitter by 2028, according to an investment document acquired by the New York Times.
https://www.nytimes.com/2022/05/06/technology/elon-musk-twitter-pitch-deck.html
and Sriram Krishnan, an investor for a16z Crypto and the owner of an Ethereum address under his Twitter account, are all prominent figures in the cryptocurrency industry, according to Fortune.
"If you want more evidence that Musk’s Twitter purchase is a payments play, look at some the people he has brought in to help him: Binance founder Changpeng Zhao; David Sacks, another PayPal Mafia member who is deeply involved in crypto; as well as Sriram Krishnan, who invests for a16z Crypto and who has an Ethereum address in his Twitter handle. Does this sound like the makings of a political and media operation—or one for payments?"
@ecksmc Very interesting take.
This would allow him to fulfill his stated objective of making the company less reliant on advertisements
Looking at the individuals Musk has hired to assist him succeed with his Twitter acquisition provides more indication that this is a payments move
Changpeng Zhao, creator of Binance; David Sacks, another member of PayPal syndicate who is extensively interested in crypto;