Elon Musk's X Reportedly Introducing In-App Stock Trading

Elon Musk's X Reportedly Introducing In-App Stock Trading

News by Nikola DjuricNikola Djuric
Published: August 04, 2023

Elon Musk's social media platform X (formerly Twitter) is developing in-app trading services, according to a report published by Semafor on Thursday, which cited an internal company document and unnamed sources familiar with the matter.

X is said to be in search of a "financial-data giant" to partner with, aiming to create an internal hub within the app. This hub is expected to offer "financial content, real-time stock data, and other features."

However, Musk denied the rumor later the same day responding to a post quoting the media report, saying that "no work is being done on this to the best of my knowledge."

Last year, Musk envisaged the future of the social media app, likening it to China's WeChat - which includes a messaging system, social media features, and payment.

At the time, he even speculated that X might eventually amass one billion users alike WeChat.

X Allows Users to Download Videos

Additionally, X is expanding its functionality by allowing users to download videos directly from its platform.

However, content creators must first permit downloads of their content, and the download capability is exclusive to verified users.

Musk announced this new feature yesterday, outlining that verified users can download content by tapping the ellipsis menu displayed in the top-right corner of the screen when a video is in full-screen mode.

He further noted that X is working towards simplifying the video download process on mobile devices.

On the other hand, non-paying users will still have to use third-party tools to download videos from X.

Meanwhile, the social media giant has granted verified users the capacity to post content of up to 25,000 characters and videos up to three hours in duration.

Furthermore, Blue subscribers were recently given the option to conceal their blue checkmark if they prefer not to disclose their subscription status.

Edited by Ricardo Esteves

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