Twitter recently signed a partnership with eToro for integrated stock and crypto trading as the social media platform looks to become an “everything app.” This new partnership likely has other brokerages keeping an eye on developments in order to explore similar deals. This includes companies like:
- Robinhood (NASDAQ:HOOD)
- Interactive Brokers (NASDAQ:IBKR)
- Charles Schwab (NYSE:SCHW)
- E-Trade (NYSE:MS)
Since Elon Musk took over Twitter last October, the platform has been advancing on three key monetization strategies: advertising, subscriptions, and transforming into an all-in-one app. In a recent BBC interview, Musk revealed that almost all advertisers who left after his $44B acquisition have returned, and Twitter Blue’s paid subscriptions could potentially drive profitability as early as this quarter.
Unfortunately, investors can’t invest in Twitter or eToro. However, those interested in trading platforms can get in on one of the companies mentioned above. Overall, Wall Street expects the most out of SCHW stock with an average price target of $75.57, which implies 46.14% upside potential.
