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Email this8:59 am
April 27, 2017
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As I understand it, you will be able to trade from your Twitter app using WS as a broker. Someone tweets about a stock and you get to buy it right away without leaving X.
Making me REALLY uncomfortable. Not just because they are trying to earn profits off people being stupid. That part is fine; every FI does it. I am concerned about potential vulnerabilities and information flows stemming from this partnership.
2:51 pm
January 12, 2019
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.
Today's related CTV News article ➡️ https://www.ctvnews.ca/sci-tec.....perts-say/
I have no skin in this game, but I thought I'd share.
- Dean
" Live Long, Healthy ... And Prosper! "
12:31 pm
April 6, 2013
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There's no trading inside X. That's just media hype.
There will be something to click in the X app. If an X app user clicks it, the Wealthsimple app comes up and shows the stock. One can then place a trade in the Wealthsimple app. No different than a link or ad on some influencer's web page that navigates to an Amazon page to order a promoted item.
Wealthsimple explains how it actually works in How Smart Cashtags on X are directed to Wealthsimple:
Can I trade directly inside X?
No. X is just the entry point. Tapping a ticker simply removes the friction of opening a new app and searching for the stock yourself. All trading and account activity happens entirely within Wealthsimple.
7:24 am
April 15, 2024
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WS decided to partner with an elon company. That's not media hype.
Add that with their recent plan to enter into the prediction market and I'm out.
IMO, WS is now the tesla of Canadian financial institutions.
Nice work WS! /s.
7:54 am
February 16, 2023
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Kasper665 said
WS decided to partner with an elon company. That's not media hype.Add that with their recent plan to enter into the prediction market and I'm out.
IMO, WS is now the tesla of Canadian financial institutions.
Nice work WS! /s.
With you 100%. Initially, I was impressed by what WS was attempting to challenge the established banking order and offer a no-fee foreign exchange option . It seems, to build a client and deposit base to attract investors/purchaser/IPO, WS has resorted to gimmicks and glitter. Crypto, partnering with Musk et al, lack of transparency, unicorn credit cards – I'm out and have withdrawn all my cash and investment account holdings.
WS apparently prides itself in not holding a banking licence. Canadians are fortunate to have alternatives offering modern digital investing, banking and credit alternatives [including some without fx service charges] that are not opposed to regulatory scrutiny.
