Elon Musk’s social media company is getting in on something new: trading stocks.
What’s happening:
- Elon Musk’s X has publicly stated they plan to roll out the ability for users to trade stocks directly through the X platform
Why it matters:
- This is one of the first times ever that a North American based social media company will launch the ability for users to trade stocks and make investments directly within their platform
Going deeper:
- The new stock trading feature being rolled out on X will be a part of their soon to be launched X Money platform, which is expected to allow for peer-to-peer payments, sending tips to creators and even buying merchandise
- Polymarket and X just recently made waves when they formed a new partnership to integrate Polymarket’s prediction markets directly into X and allow for new types of wagers on real world events
