Twitter’s recent rebranding as ‘X’ aims to turn the platform into a ‘super app’. In line with this strategy, X is now seeking proposals from financial data giants to build a trading hub inside its application.
According to Semafor, a news website, X has approached various financial service providers to discuss features such as financial content and real-time stock data.
X has asked interested bidders to provide quotes indicating the amount of money they are willing to commit to the project. However, the names of these financial service providers have not been disclosed.
When asked about the project, Elon Musk, the owner of X Corp, claimed to be unaware of any work in this area. It is possible that Musk is being cautious in order to keep the company’s specific plans for the trading hub under wraps.
Musk has stated that he acquired Twitter as a means to accelerate the creation of X. He envisions X as a ‘super app’ that offers multiple services, making it a one-stop destination for various needs. WeChat serves as an example of a super app, providing instant messaging, social media, and mobile payment features to its users.
By introducing a trading hub, X would be taking its first steps towards becoming more than just a social media site and evolving into a comprehensive ‘super app’.
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