Elon Musk is allegedly making preparations for an investment trading hub to be integrated into the X platform, bringing him one step closer to his vision of transforming Twitter into a comprehensive “everything app.” According to a report by Semafor, a news site, the billionaire is collaborating with a financial data company to develop a stock trading hub within X. X has pitched the idea to various financial data firms, highlighting the power of real-time information in the investing world. The platform aims to entice companies by offering access to millions of highly-qualified users. However, unlike traditional partnerships, X is not offering any payment to these firms. Instead, companies will need to invest their own funds to participate. Last year, Musk expressed his intentions to utilize Twitter as a catalyst for building X, which he envisions as an all-in-one app. Musk has denied the recent report, stating that to the best of his knowledge, no work has been done on this project. However, his objective remains to emulate the success of WeChat in China, an app with a user base of nearly 1.4 billion people. Musk’s plans involve reaching out to major providers to submit proposals for financial content, real-time stock data, and other features. WeChat serves as an encompassing platform for Chinese nationals, allowing them to connect and engage in various activities such as messaging, calling, social media, payments, and more. While some appreciate Musk’s intention to restore Twitter’s commitment to free speech, critics argue that WeChat facilitates government surveillance. Musk has previously praised similar “everything” platforms like the Singaporean app “Grab” and Japan’s “Line.”
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