Elon Musk has refuted a report claiming that his company, X, is planning to launch its own stock trading platform. The report had surfaced on XNewsDaily when a user posted about it on Twitter. In response, Musk denied any ongoing work on such a platform, stating, “No work is being done on this to the best of my knowledge.”
After Musk’s clarification, several users shared their thoughts on his post. One user expressed enthusiasm, saying, “Why not? It would be a huge game-changer for X.” While another user appreciated the clarification, stating, “It’s great that you clarified.”
In the previous week, Musk had announced that his company will be adding comprehensive communications and the ability to conduct activities involving the “entire financial world” in the coming months.
On Friday, Musk reiterated his commitment to making the platform the best place for content creators, stating, “We are hell-bent on making this platform the best place on Earth for great content creators!”
Earlier, Musk had shared his fondness for the platform, mentioning that he gets more laughs from it than anywhere else and learns about various topics, from artificial intelligence to new discoveries in superconductivity.
Additionally, X’s owner stated that he will discuss with Apple CEO Tim Cook about adjusting the 30 per cent commission the tech giant charges on in-app purchases.
Notably, Twitter was recently renamed as X on the iOS App Store, suggesting that Apple allowed the app to have a one-character name, indicating a possible resolution of past issues between Musk and the tech giant. In the past, Musk had accused Apple of threatening to remove the Twitter app from the store. However, after a meeting with Tim Cook, Musk clarified that it was a “misunderstanding.”