Very Upset That I Could Not Make The Cut This Time. Zuckerberg, who has been training in jujitsu.".īehind the Musk-Zuckerberg ‘Cage Match’ Is a Yearslong Billionaire Feud "“I’m up for a cage match if he is lol,” Musk tweeted late Tuesday. One Twitter user this week cautioned Musk, noting Zuckerberg’s recent publicity over his pursuit of martial arts. "Amid news articles of Zuckerberg’s plans to compete against Twitter, Musk has been jabbing at him with insults online. "Now, he says the company is on track to be cash-flow positive & has hired a high-profile TV ad executive to be CEO to improve advertiser relations. In response, Musk has said he needed to make dramatic cost cuttings, including reducing the workforce, to avoid bankruptcy. "Since taking control of Twitter in late October, Musk has faced several challenges in reinventing the company to his liking, including a pullback in advertising spending among brands, in part, worried about the company’s uncertainty. Chief Product Officer Chris Cox suggested, as The Wall Street Journal reported, the product was inspired by users who want “a sanely run” social-media platform, a dig at Musk’s company. "This month, Meta executives unveiled to employees their Twitter competitor, internally dubbed Project 92, that they hope to launch soon. Meanwhile, Zuckerberg pined for the kind of innovator esteem that Musk received, these people said. "In private, they have complained about each other, according to those who have heard it: Musk, cash poor for years, brooded that Zuckerberg had made so much money so easily with software while he toiled away on electric cars & space rockets. "Behind the scenes, the 2 have held a simmering feud for years, occasionally taking public shots at each other over AI and other topics. But it is clear the bosses are primed for a fight. "It is too early to say if Meta versus Twitter will rank up there with the epic brand showdowns of the past century-whether it be Ford versus Chevrolet or Coke versus Pepsi. "Even if the two business tycoons never actually meet up in the ring, the latest outburst between them-and the spectacle of will-they or won’t-they go through with it-underscores the growing rivalry of their business interests, injecting fresh energy into a battle for social-media advertising dollars. The latest shot: having his Meta Platforms prepare its own tweet-like offering through Instagram. "Since then, Zuckerberg has seen an opening to attack rival Twitter, which has been beset by drama and missteps under its new owner. "The two have tentatively agreed, through posts Wednesday on their respective social-media sites, to the duel after years of quiet tensions that have grown more intense with Musk’s acquisition of Twitter late last year. "Even by the standards of billionaire-versus-billionaire tiffs, the proposed cage fight between #ElonMusk and #MarkZuckerberg stands out. "The heads of Twitter and Meta elevate their personal rivalry with proposed cage match May The Best One Win The Comical Capitalism's Pugilist Slug Fest □ Instead, Zhao has incorporated firms in locations where Binance operates, including in Singapore, where he’s been based for two years.".īinance Chief Zhao Buys His First Home in ‘Pro-Crypto’ Dubai Founded in China in 2017, Binance Holdings Ltd. "His choice of residence may provide a clue on the location of Binance’s headquarters. "While he will be spending more time in the Middle Eastern business hub, Zhao, 44, said he remains committed to Singapore, where a local affiliate has applied for an official license to operate. In an interview earlier this year, Zhao said he didn’t own a house or car, considering such things “illiquid.” "“I want to show that we are committed to the place, so I bought an apartment there,” he said, declining to disclose the price tag. "“The government there is very progressive, and it’s a very good business environment,” the Binance founder said in an interview Friday on the sidelines of the Bloomberg New Economy Forum in Singapore. "Changpeng “CZ” Zhao, who runs the world’s largest cryptocurrency-exchange, bought his first home last month in Dubai in a show of support for a city he describes as “very pro-crypto.” > Binance is also awaiting a license permit in Singapore Zhao’s choice of city may offer clues for Binance’s home base
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