Elon Musk’s vision of an “Everything App” is gradually being unveiled

Looks like Elon Musk’s idea of transforming Twitter/𝕏 into an everything app is slowly being unveiled. The Elon Musk’s owned platform is reportedly planning to launch its own stock trading platform, via Semanfor, which claims that the company is “seeking a financial-data giant to build a trading hub inside the app.”

Innovation Village checked and confirmed the news is true as X News Daily (@xDaily) wrote today, “𝕏 is planning to launch its own stock trading platform!”

Elon Musk, however, claims he has no knowledge of this. In response to a post on the matter by a verified user, his reply was, “No work is being done on this to the best of my knowledge.”

Could it be that a cat was let out the bag without the 𝕏 owner knowing?

Elon Musk has initiated contact with a Financial Services company. As indicated by a recent post by @ToadSageCapital on the app, Twitter/𝕏 is presently engaging in talks with @eToroUS. The aim for 𝕏 is to transform into the West’s inaugural super-app, similar to WeChat, Gojek, Grab, and Gozem. These super-apps consolidate various functions, spanning from payments to investment, within a single platform, as reported by X News Daily.

Semanfor also noted in its report, Twitter/𝕏 sent a request to ‘big providers’ asking for proposals for financial content, real-time stock data, and other features. “The request tells interested bidders,” report further notes, “to say how much money they’ll commit to the project themselves. It isn’t clear which firms, if any, submitted proposals, which were due last week.”

Owner Elon Musk has said he sees 𝕏 as the first Western super-app, similar to WeChat in China, Gojek in Indonesia, Grab in Singapore, and Gozem in Africa, which offer a mix of consumer services such as food delivery, ride-hailing, payments, investing, and even identity authentication in a single app.

𝕏 is more than just new “Super App”

While SuperApps like WeChat, Gojek, and Grab offer multiple services within one platform, Elon Musk’s vision for 𝕏 goes beyond just being a “Western super-app.” 𝕏 has been designed with a primary focus on the creator economy, aiming to democratise content creation and monetisation on a global scale.

During Tesla’s yearly shareholder meeting last year August, Musk expressed having an ambitious vision for X, describing it as “something that would be very useful to the world.” Although there isn’t much details in this statement, Musk has given several indications about his intentions to revolutionise the world of social media.

Speaking about launching a stock trading platform, 𝕏 (then Twitter) tested a feature that allowed users to check for the prices of stocks as well as cryptocurrencies including bitcoin ($BTC) and ethereum ($ETH) on the search bar.

Back then in November, Musk said in a Twitter Spaces meeting with some advertisers that he intends to turn Twitter into a bank. He mentioned payments in his opening remarks, saying, “I think there’s this transformative opportunity in payments,” with the ultimate goal of “enabling people on Twitter to be able to send money anywhere in the world instantly and in real-time.”