Elon Musk wants to create a global market in the X platform
Semafor reported on Thursday that social media network X, formerly known as Twitter, is in contact with financial data juggernauts about creating a commerce hub for its app.
According to the source, X recently contacted important suppliers to get ideas for financial content, real-time stock data, and other items that could be included in the mall.
The story has said that Elon Musk's Company X has solicited financial commitments from potential bidders, though it did not specify which, if any, companies submitted bids.
Musk stated that he was not aware of any work being done in this area in a post on the X platform.
Musk, who also owns SpaceX and the electric vehicle manufacturer Tesla, among other businesses, claimed last year that he bought Twitter to advance his goal of building his own universal software, dubbed X.
The universal app will have features like encrypted direct conversations, long-form tweets, and the ability to make payments online, according to Musk's tweet from the time.
This vision was affirmed by the company's CEO, Linda Iaccarino, in late July when she said: "(X) is the future state of unlimited interaction, centered around voice, video, messaging, payments or banking services, creating a global marketplace for ideas, goods, services, and opportunities." We will all be connected in ways we have only just begun to envisage thanks to X, which is powered by artificial intelligence.
In order to launch its business, the company intends to concentrate on forming alliances with content providers and offering electronic payment systems, according to this and a presentation given to investors by Musk and Yaccarino in mid-June.
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