X platform, formerly known as Twitter, is reportedly
searching for a financial data partner to create a trading hub within the social
media platform. X has reportedly sent requests for bids for the proposed
project. According to a report by
the media publication Semafor, the requests were sent in recent weeks.
Thus, the social media
giant is rumored to be searching for big companies to provide financial content,
real-time stock data, among other features. In the proposal, the Elon
Musk-owned company reportedly asked interested bidders to state how much money they
could invest in the project.
Additionally, the social media giant is luring potential bidders, saying that the platform offers access to ‘hundreds of
millions of qualified users’.
However, it remains
unclear which companies have submitted proposals to partner with the X platform. When asked for comments about the project, Musk responded on X
that “no work is being done on this to the best of my knowledge.”
Musk acquired Twitter for USD $44 billion last year and turned the company into
a private entity.
‘Super App’
Plans
Last month, Musk rebranded
the X platform, changing the
iconic blue bird logo to an ‘X’ symbol. The changes are part of the
billionaire’s vision to make the platform an ‘everything app’ offering a
variety of services. Musk reportedly envisions X to rival social media
platforms such as WeChat in China in offering consumer services like payments
