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Subscribe to Blockworks’ free newsletter now. Get the day’s top crypto news and insights delivered to your email every evening. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment. similar calculations for user mentions, stock symbols, and links. EToro said it was working with Twitter to resolve the issue. Twitter will also identify any stock symbols in a tweet as long as they are. The expanded cashtags functionality didn’t seem to be active on Twitter as of press time. For instance, when Apple released its fourth-quarter earnings, searches hit 8 million.Īccording to eToro, the most commonly used cashtags are $TSLA, $SPY (SPDR S&P 500 ETF) and $BTC. Tel Aviv-headquartered eToro said that there are an average of 4.7 million cashtag searches a day, with activity rising around the time of earnings announcements by big-name companies. More than 420 million searches using the feature have been reportedly recorded already this year. Twitter first added the cashtags feature in December 2022. “Twitter has become a crucial part of the retail investing community - it’s where millions of ordinary investors go every day to access financial news, share knowledge and converse,” he said in a statement sent to Blockworks. Twitter had already grown the cashtag feature to include 30 more cryptocurrencies earlier this year. Yoni Assia, CEO at eToro, indicated that the decision was strategic considering Twitter has millions of users that are traders. Users will also be linked to eToro’s platform directly from Twitter. The microblogging site is now rolling out an upgraded cashtag feature, expanding the live price charts to include additional stocks, cryptocurrencies, commodities and exchange-traded funds, according to a press release. Until now, Twitter users could use “cashtag” symbols ($BTC, for example) to see live price charts for only limited assets. Twitter is working with trading firm eToro to allow users to view more real-time information for financial assets directly in the app, including crypto. 31, 2022 /PRNewswire/ - Clear Secure, Inc.
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