What ’s the point in time of an app if you ca n’t make money on it ? Such is the thought cognitive operation of Twitter owner Elon Musk , as the first part of his sumptuous design to turn the bird app into the “ everything app ” will start with transforming the site into yet another stock trading platform .
The ship’s company has reportedly put out a call to several fintech giants require for quotes and programme to construct a real - time investment chopine on Twitter — or “ X ” as Musk is forebode it . Semaforfirst reported the news free-base on a copy of leaked notices , note that Musk sent them out to several major financial information giants . These requests also specified that the interested bidders demand to say how much time and money they ’ll trust to building this Modern super app .
Mind you , he ’s not promise to pay anybody for their work . rather , he ’s prognosticate any partners they ’ll get memory access to “ hundred of one thousand thousand of extremely - qualified users . ” So yes , all you fintech companies , descend to Twitter and we ’ll give you access tothe likes of Ye , formerly Kanye West .
Musk still intimates that Twitter—or “X”—is sitting upon a mountain of gold, if only somebody would help him dig it up.Image: izzuanroslan (Shutterstock)
Otherwise , the petition reportedly lay claim that Twitter was “ the heartbeat of the financial community . ” These posting were due last week . It ’s unreadable which companies receive this request , and which ones — if any — send back proposals .
Gizmodo reached out to Twitter for input , but we did not right away hear back . The site ’s unexampled automatic response to press inquiries include the message “ We ’ll get back to you soon . ”
The site already has a few , out - of - the - way crypto and stock trading feature with theso - called $ Cashtags organization . Typing stock tickers into the search with a dollar house is supposed to show user current stock valuations . That feature was being follow up through data startup TradingView , and users were supposed to get across on another button to take them directly to the lineage and cryptotrading weapons platform Robinhood . Then in April , Twitter announce a partnership with Robinhood competitor eTorothat was supposed to tie in to the situation ’s trading political platform . Currently , $ Cashtags only link to TradingView ’s site , and there ’s no sign of any Robinhood or eToro desegregation .
In an electronic mail statement , an eToro interpreter aver eToro was “ hugely excited to see how X will evolve and are in tight contact with the team around future projects . In terms of the $ cashtag partnership , we are work with X to see how we can lead and potentially deepen this oblation . ” The interpreter further hollo Twitter “ an increasingly important part of the DIY investing community . ”
With Robinhood and eToro out of the way , Musk would necessitate the platform to efficaciously compete with both , which is a much larger job than just integrating their existing sites . Not to mention , his platform will need to compete against the traditional agent .
That ’s not to say a dedicated — or really ravenous — following ca n’t result in big returns . Justlook at Apple ’s saving account statement facilitated through Goldman Sachs . On Wednesday , the companyannouncedApple fanatic had fix a totality of $ 10 billion into its high-pitched - fruit economy accounts . Could the legion of lingering Muskfanboys sporting their blue checkmarksprop up an full trading political platform ? Potentially .
In Apple ’s case , the savings account has the vantage of being linked to users ’ Apple Cash and Apple Wallets . Without a major player behind it , Twitter would need to effectively work up everything — including corporate trust — from scratch . Musk himself has come under fervency for his preceding investment advice such as hispromotion of the Shiba Inu memecoin , so there ’s no recount what kind of store he might embark on promoting from his Twitter account .
Musk compare his plan to the likes of WeChat , the massive China - found app that is used for everything from communications to payments . Musk is obsess with these kind of “ everything apps , ” and he has beensince he founded X.com nearly 23 yr ago . That company became PayPal after he was vote out as CEO . After he took over Twitter last year , Musktold employees in a town hallthat WeChat is “ a great , great app ” adding “ there ’s a veridical opportunity to create that . ”
AppleElon MuskGoldman SachsHyperloopPAYPALWeChatX ( Twitter )
Daily Newsletter
Get the best technical school , scientific discipline , and culture news in your inbox daily .
news program from the futurity , extradite to your nowadays .
You May Also Like
