Elon Musk, Twitter CEO has added a new feature to the social media app, users can now trade stocks on the Twitter platform, this was possible due to its partnership with a “social trading company” eToro.
The new feature, which is now live on Twitter and in the Twitter app, sees the addition of a button to Twitter’s interface that will allow users to open eToro via Twitter’s embedded web browser when looking at certain stocks, ETFs, cryptocurrencies and commodities.
“Very excited to be launching a new $Cashtags partnership with #Twitter which will enable Twitter users to see real-time prices for a much wider range of stocks, crypto and other assets as well as having the option to invest through eToro”.
“As we’ve grown over the past three years immensely, we’ve seen more and more of our users interact on Twitter, educate themselves about the markets,” Yoni Assia, eToro’s CEO, said in an interview.
“There is very high-quality content, real-time content on financial analysis of companies and what’s happening around the world. We believe this partnership will enable us reach those new audiences and connect better with the brands of Twitter and eToro.
Following the launch of the eToro partnership, the list of $Cashtags that produce live price charts will be hugely expanded, while users will now also be able to click through to the eToro platform to see more information on the asset and have the option to invest,” eToro said in a statement announcing the launch of the partnership.
Writing by Julian Osamoto