Twitter Adds Link To Robinhood To View Crypto And Stocks News
#Twitter #Adds #Link #Robinhood #View #Crypto #Stocks #News Welcome to InNewCL, here is the new story we have for you today:
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Twitter’s new feature can direct users to Robinhood, an investment firm that faced backlash in 2021 over a GameStop trade controversy. Image: Primakov (Shutterstock), Hanson L (Shutterstock)
As Elon Musk continues to eviscerate Twitter due to his own hubris, it’s strange to hear about a new — potentially helpful — feature coming to the platform. The social media platform this week announced the integration of stock and crypto price tickers in search results and tweets.
The company dubbed the feature $cashtags in a tweet from Twitter Business. Users can type a major stock, ETF, or cryptocurrency symbol preceded by a dollar sign (e.g. $BTC for Bitcoin) directly into the search bar to be greeted with a chart showing the stock’s price chart and current valuation displays /crypto. Users can also click the dollar sign directly when they see it in a tweet, which takes them to the same ad.
According to CoinDesk, Twitter isn’t building the feature entirely from scratch, instead relying on the help of a company called TradingView. Likewise, after accessing the price chart, a button can take you to a live price chart of the stock or crypto asset on Robinhood. Twitter’s collaboration with Robinhood has some users concerned, although it’s unclear if the two have entered into a formal partnership with this new launch.
“You really hooked up with RobinHood here?” user wrote BTan121. “Let me guess what happens to the data.”
“How much is Robinhood paying you for this,” he tweeted ParikPatelCFA.
“The only problem is that Robinhood cheated everyone during The Gamestop Pump. We won’t forget that,” he said JasonRobergeVA.
Robinhood is a financial services company best known for its stock trading app of the same name. The company has played a big part in making stock trading more accessible, but it’s also no stranger to massive controversy. In January 2021, day traders saw an opportunity that GameStop stocks were a lucrative target and took to the r/WallStreetBets subreddit to express their excitement and get other traders on board. GameStop stock continued to climb over the following days until Robinhood restricted trading. This decision is the opposite of the company’s promotion of free trade for the retail investor — it’s called Robinhood, for heaven’s sake.
The company naturally faced a lot of backlash after GameStopGate, even calling for government action while exposing the notion that the company could toggle commerce on and off at will. So user skepticism about Twitter using Robinhood as part of this new feature – especially since the former is being held together with metaphorical duct tape – is natural.
