Binance CEO called Twitter overvalued and supported Elon Musk

The controversy surrounding the deal to buy the social network Twitter has long been one of the central themes of 2022. The head of the Binance exchange was not left out. Changpeng Zhao expressed the opinion that the price that was announced by Musk was “slightly overstated.

As is often the case with Twitter, it all started with a discussion of the social network’s algorithms. According to CZ, he does not understand why APIs for automatic posting of comments are needed. In response, one user jokingly suggested that the creator of the exchange buy Twitter.

It might be slightly over priced. But will support whatever Elon decides. There is a time to lead, and a time to follow.

— CZ ???? BNB (@cz_binance) July 23, 2022

Changpeng used the opportunity to express his views on the situation with the purchase of the social network. The head of Binance wrote that he thought the price of $44 billion was a bit excessive. At the same time, CZ expressed support for Elon Musk. He will side with the famous billionaire, whatever decision he makes.

The Tesla CEO has long discussed with users the idea of acquiring Twitter. Eventually, Musk offered $44 billion for the company, to which its management responded with consent. However, the entrepreneur later questioned the number of fake accounts.

The company assures that over the past 12 years, the total number of fake accounts did not exceed 5%. However, Twitter refused to provide Musk with the exact data and algorithm for calculating such accounts.

As a result, the deal was terminated by the billionaire, and the social network’s management sued the businessman. The company intends to follow through and force Musk to buy Twitter.