Twitter Partners With eToro To Let Users Trade Stocks, Crypto (cnbc.com) 23
Twitter will let its users access stocks, cryptocurrencies and other financial assets through a partnership with eToro, a social trading company. From a report: Starting Thursday, a new feature will be rolled out on the Twitter app. It will allow users to view market charts on an expanded range of financial instruments and buy and sell stocks and other assets from eToro, the company told CNBC exclusively. Currently, it's already possible to view real-time trading data from TradingView on index funds like the S&P 500 and shares of some companies such as Tesla. That can be done using Twitter's "cashtags" feature -- you search for a ticker symbol and insert dollar sign in front of it, after which the app will show you price information from TradingView using an API (application programming interface).
With the eToro partnership, Twitter cashtags will be expanded to cover far more instruments and asset classes, an eToro spokesperson told CNBC. You'll also be able to click a button that says "view on eToro," which takes you through to eToro's site, and then buy and sell assets on its platform. EToro uses TradingView as its market data partner. "As we've grown over the past three years immensely, we've seen more and more of our users interact on Twitter [and] educate themselves about the markets," Yoni Assia, eToro's CEO, told CNBC in an interview.
With the eToro partnership, Twitter cashtags will be expanded to cover far more instruments and asset classes, an eToro spokesperson told CNBC. You'll also be able to click a button that says "view on eToro," which takes you through to eToro's site, and then buy and sell assets on its platform. EToro uses TradingView as its market data partner. "As we've grown over the past three years immensely, we've seen more and more of our users interact on Twitter [and] educate themselves about the markets," Yoni Assia, eToro's CEO, told CNBC in an interview.
Suddenly... (Score:4)
Thousands of bankrupt hundredaires!
Re: Suddenly... (Score:5, Insightful)
I don't even trust Twitter with my real email address. The idea that someone would verify their ID, and then associate that account with a brokerage that sells crypto on site with very lax moderation is baffling.
I am tired of pointing and laughing, I just want people to stop being so dumb.
Re: Suddenly... [Einstein was right again?] (Score:1)
Afraid it reminds me (for the second time this week) of the famous quote attributed to Einstein about the infinite stupidity of human beings...
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It really doesn't help that Musk uses Twitter for his own crypto scams, like his recent pumping of Dogecoin.
Just think, he was the richest man in the world at one point. He accidentally bought Twitter by not getting proper legal advice and conducting his financial business by tweet. First thing he does is fire so many people the site can't even remain functional half the time.
Then it turns out his great plan for profitability is to get rid of verified accounts, so that anyone can spoof a corporation or prom
Re: (Score:1)
Nice FP, though the Subject is kind of empty bordering on vacuous.
On the one hand, I wish I could add something that would stimulate the humor. This really is a target-rich story for jokes, and someone already wrote a good one about "business opportunities" for Musk to Elon-ate.
But on the other hand, the best way to kill Twitter is to ignore it to death. My main tactic there has actually involved asking people who post links that pass through Twitter to provide direct links that don't involve Twitter. There
Really is turning into a cesspool (Score:5, Informative)
When Twitter was taken over they had enough cash reserves for 12 years and enough liquid assets for 34 years of their losses. They were in no danger of collapse. The $1.2 billion a year in debt payments completely wrecked that even before 60% of their customers fled.
Unless their CEO wants to raid his other company's stock I don't see how this can keep up for more than a few years (and even that only because of how long it takes to wind down a big company). And if the CEO does that his other company's stock price will tank.
The smart, sane thing to do would be to cut losses, but if their CEO was smart or sane we wouldn't be here. And his wealth is based almost entirely on an "image" that's rapidly being destroyed. Say what you will about Zuck but he knew to cut his losses (albeit after tens of billions of wasted dollars)
Re:Really is turning into a cesspool (Score:5, Funny)
Don't worry. There are countless avenues that the new Twitter can take to generate revenue:
* Allocate half of the users' screen space to promote things like Twitter-branded nutritional supplements for curing hair loss and ED.
* Reorganize their network of users into a multi-level-marketing scheme. Users will climb the hierarchy and earn eliteness points by selling things like Twitter-branded pet snacks and scented candles to their friends, family and coworkers.
* Partner with law firms who specialize in class-action suits against vaccine manufacturers. Twitter gets most of the settlement; users get vouchers for a discount on their next vaccination.
* Pillows
The future is full of more opportunity than ever for Twitter.
Re: (Score:2)
Don't worry. There are countless avenues that the new Twitter can take to generate revenue:
* Allocate half of the users' screen space to promote things like Twitter-branded nutritional supplements for curing hair loss and ED.
* Reorganize their network of users into a multi-level-marketing scheme. Users will climb the hierarchy and earn eliteness points by selling things like Twitter-branded pet snacks and scented candles to their friends, family and coworkers.
* Partner with law firms who specialize in class-action suits against vaccine manufacturers. Twitter gets most of the settlement; users get vouchers for a discount on their next vaccination.
* Pillows
The future is full of more opportunity than ever for Twitter.
How dare you suggest the fine people at MLM corps and Lawyers would associate with Twitter. They do have some standards, you know.
Careful (Score:2)
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PBS has already announced they will be leaving the platform. https://thehill.com/homenews/3... [thehill.com]
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After the news about NPR, I'm sorta expecting a mass exodus. Of news organizations first, then maybe some others. Sooner rather than later. If it doesn't happen in the next couple weeks then I'll have been wrong about it, but that would be the next wave.
Who'd a thunk that the owner/CEO publicly slagging on major advertisers and clients would end up driving them away?
I think Musk is starting to realize he's killed any hope of a profitable Twitter based on ad & subscription revenue.
That being said, there's other more profitable models out there. If he simply turns Twitter into a crypto trading platform or some kind of wire transfer service he might actually increase revenue based on the 0.001% of users who use it. He still has a giant user base and enoug
Re: (Score:2)
The ones that haven't already announced they are leaving soon will, once people can no longer easily differentiate their real accounts from the fake ones.
What's Twitter? (Score:3)
Do you mean Titter [ktvu.com] or X.com [slate.com]?
This is great! (Score:4)
Now you can piss away your finances as well as your time.
"Crypto".... really? (Score:2)
Next is casino app (Score:2)
Financial genius at work (Score:4, Interesting)
I mean it isn't typical for companies to try selling the office plants for a quick buck? https://www.businessinsider.co... [businessinsider.com]
Think of all the money you can save by simply not paying your bills! https://www.cbsnews.com/news/t... [cbsnews.com]
Twitter's killer feature (Score:2)
Curious (Score:2)
Amazing (Score:1)