In an effort to provide users with real-time access to stock, cryptocurrency, and other asset information and enable trading of these, Elon Musk’s Twitter and eToro collaborate, the latter of which made the announcement on Thursday.
4.7 million Searches Everyday
The trading data will be available through a tool called Cashtags, which went live in 2022 and enables users to interact with data about an asset by placing a dollar sign in front of a company’s ticker rather than a hashtag as they would typically do for search. There have been 420 million searches for Cashtags since the year’s beginning, or an average of 4.7 million searches each day.
Twitter and eToro collaborate , users will be able to trade stocks and crypto;
Many people who have never been financially educated have benefited from the social media
feel left out by more conventional methods’, eToro’s CEO and co-founder Yoni Assia said in a statement. Twitter has grown to be an essential component of the retail investing community; millions of everyday investors use it daily to get financial news, exchange knowledge, and interact.
Before this function, Trading View, which generates charts of market prices, provided Twitter users with access to real-time trading data. Only select firms like Tesla TSLA, +2.97%, which is also run by Twitter CEO Elon Musk, and certain assets like the S&P 500 stock index were accessible to customers using this service. A request for comment from MarketWatch did not receive a response right away from Twitter. Changes have been made thanks to Twitter, which Elon Musk purchased in October 2022 for $44 billion.