Elon is finding ways to turn around Twitter and make a profit.
You could definitely say if Twitter becomes a brokerage, it could become a threat to other big names (ie Etrade, Schwab, Robinhood) and bring a lot of traders who enjoy the social aspect of it.
In turn though it could alienate existing users (me included), who might not want to see Twitter cluttered with “financial gurus” post their ideas. I rather have that centralized on apps that are more adapt to it.
I think you raise an interesting point. I feel as if Twitter was a place for this with "no place". If your content did not have a home somewhere you could utilize Twitter. However if you focus in on only one particular linear user base you may lose the rest. Elon should tread carefully if he wants to preserve the "town hall" he said he wanted.
Elon is finding ways to turn around Twitter and make a profit.
You could definitely say if Twitter becomes a brokerage, it could become a threat to other big names (ie Etrade, Schwab, Robinhood) and bring a lot of traders who enjoy the social aspect of it.
In turn though it could alienate existing users (me included), who might not want to see Twitter cluttered with “financial gurus” post their ideas. I rather have that centralized on apps that are more adapt to it.
I think you raise an interesting point. I feel as if Twitter was a place for this with "no place". If your content did not have a home somewhere you could utilize Twitter. However if you focus in on only one particular linear user base you may lose the rest. Elon should tread carefully if he wants to preserve the "town hall" he said he wanted.