Elon Musk Sparks Speculations of Twitter’s Own Stock Exchange: Will X Become the Center of the Internet?

2023-08-05 14:32:05
Elon Musk leads Twitter with a radically new attitude, and as a symbolic step he changed the company’s name to X. Musk expects the X platform to be the center of the Internet, a vision that would perfectly fit the launch of his own stock exchange. On Thursday, referring to information from Semafor, the news broke that Twitter may be working on launching its own stock exchange. The news was that X was looking for a financial firm that could provide trading data for the social media company’s upcoming stock exchange platform. The list of demands could have been sent out to the major service providers in the previous weeks, and according to the press report, X mainly wants to channel real-time stock exchange rates and other financial data. Although the press reports were only about traditional stock exchange services, X is traditionally an important pillar of the crypto community as well. thus speculations started immediately about whether the DOGE meme coin favored by Musk could be X’s native currency. Speculations keep Twitter users at a fever pitch, many of whom cannot imagine that if some financial service is created on the platform, then SHIB and DOGE will be left out of the party. Archyde.com also contacted X’s press department, the company did not comment on the report. Although Elon Musk is no longer the CEO of the company, he convincingly refuted what appeared in a tweet: No work is being done on this to the best of my knowledge — Elon Musk (@elonmusk) August 3, 2023 Regardless, all things considered, it would not come as a surprise to analysts , if the social giant were to move in the direction of financial services. When Elon Musk took over Twitter last year, he said he wanted to create X, which would be “the app for everything,” comparing it to China’s WeChat super app, which allows Chinese people to handle many things in daily life, including finances. Published on the BitcoinBázis page.
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