@Article{crph853,
AUTHOR = {Neri-Mares, Brandom A. and Rodriguez-Ríos, Victor A. and Gallegos-Villela, Rocio R. and Suarez-Dominguez, Edgardo J.},
TITLE = {Influence of social media on the stock market: Part 1. A brief analysis},
JOURNAL = {Current Research in Public Health},
VOLUME = {4},
YEAR = {2024},
NUMBER = {1},
PAGES = {1-14},
URL = {https://www.scipublications.com/journal/index.php/UJBM/article/view/853},
ISSN = {2831-5162},
DOI = {10.31586/ujbm.2024.853},
ABSTRACT = {The world of the stock market is an intricately complex financial ecosystem that demands years of dedicated study to comprehend fully. It relies on risk mitigation practices and fundamental theoretical techniques to engage in speculation regarding stock and cryptocurrency fluctuations. However, this realm is progressively becoming more inclusive, with accessibility expanding beyond traditional educational barriers. Technological advancements, coupled with the ease of entry into this domain and the information-disseminating power of social networks, contribute to a rising number of individuals participating in this financial movement. What makes this evolution disruptive is that the same tools facilitating accessibility also exert influence on the way market trends unfold. This paper delves into the escalating impact of social media within the financial sphere, emphasizing the heightened accessibility to information and market involvement facilitated by platforms like Twitter and Reddit. It sheds light on how social media plays a pivotal role in market manipulation, as evidenced by phenomena such as the r/wallstreetbets subreddit, where meme-based strategies were employed to inflate the prices of stocks like GameStop. The study explores the utilization of social media by influential figures, exemplified by Elon Musk, who leverage their platforms to sway market movements. Additionally, this paper addresses instances of misinformation, such as the confusion surrounding Virgin Galactic's shares following a SpaceX failure and the introduction of "AGUA" in the Mexican stock market, leading to widespread misunderstandings. The paper extends its examination to the effects of social media on cryptocurrencies, highlighting how comments from public figures can significantly impact the prices of Bitcoin and Dogecoin. Overall, it underscores the imperative need for adaptation to these changes in the digital financial paradigm.},
}

%0 Journal Article
%A Neri-Mares, Brandom A.
%A Rodriguez-Ríos, Victor A.
%A Gallegos-Villela, Rocio R.
%A Suarez-Dominguez, Edgardo J.
%D 2024
%J Current Research in Public Health

%@ 2831-5162
%V 4
%N 1
%P 1-14

%T Influence of social media on the stock market: Part 1. A brief analysis
%M doi:10.31586/ujbm.2024.853
%U https://www.scipublications.com/journal/index.php/UJBM/article/view/853

TY  - JOUR
AU  - Neri-Mares, Brandom A.
AU  - Rodriguez-Ríos, Victor A.
AU  - Gallegos-Villela, Rocio R.
AU  - Suarez-Dominguez, Edgardo J.
TI  - Influence of social media on the stock market: Part 1. A brief analysis
T2  - Current Research in Public Health
PY  - 2024
VL  - 4
IS  - 1
SN  - 2831-5162
SP  - 1
EP  - 14
UR  - https://www.scipublications.com/journal/index.php/UJBM/article/view/853
AB  - The world of the stock market is an intricately complex financial ecosystem that demands years of dedicated study to comprehend fully. It relies on risk mitigation practices and fundamental theoretical techniques to engage in speculation regarding stock and cryptocurrency fluctuations. However, this realm is progressively becoming more inclusive, with accessibility expanding beyond traditional educational barriers. Technological advancements, coupled with the ease of entry into this domain and the information-disseminating power of social networks, contribute to a rising number of individuals participating in this financial movement. What makes this evolution disruptive is that the same tools facilitating accessibility also exert influence on the way market trends unfold. This paper delves into the escalating impact of social media within the financial sphere, emphasizing the heightened accessibility to information and market involvement facilitated by platforms like Twitter and Reddit. It sheds light on how social media plays a pivotal role in market manipulation, as evidenced by phenomena such as the r/wallstreetbets subreddit, where meme-based strategies were employed to inflate the prices of stocks like GameStop. The study explores the utilization of social media by influential figures, exemplified by Elon Musk, who leverage their platforms to sway market movements. Additionally, this paper addresses instances of misinformation, such as the confusion surrounding Virgin Galactic's shares following a SpaceX failure and the introduction of "AGUA" in the Mexican stock market, leading to widespread misunderstandings. The paper extends its examination to the effects of social media on cryptocurrencies, highlighting how comments from public figures can significantly impact the prices of Bitcoin and Dogecoin. Overall, it underscores the imperative need for adaptation to these changes in the digital financial paradigm.
DO  - Influence of social media on the stock market: Part 1. A brief analysis
TI  - 10.31586/ujbm.2024.853
ER  -