X, the social media platform previously known as Twitter, is looking for a major player in the financial data industry to establish a trading hub within its application.
According to reports, people familiar with the situation and the requested plans revealed that X has reached out to prominent providers in recent weeks, soliciting proposals for financial content, real-time stock data, and additional functionalities.
X reportedly requested for bidders to indicate how much money they will commit to the project, according to Reuters. However, the report does not specify whether any firms have indeed submitted their proposals.
In a post on X, Musk said that “no work is being done on this to the best of my knowledge.” While this is not a direct denial, it could suggest such a service may be in the works but may not be imminent.
In the previous year, Musk articulated his acquisition of Twitter as a means to accelerate the development of X, an all-encompassing application that he likened to China’s super-app WeChat.
In a rebranding move last month, Musk transformed the social media site’s identity, replacing Twitter’s widely recognized blue bird logo with the letter “X”.
