From Reddit to Wall Street: the role of committed minorities in financial collective action

From Reddit to Wall Street: the role of committed minorities in financial collective action

In January 2021, retail investors coordinated on Reddit to target short-selling activity by hedge funds on GameStop shares, causing a surge in the share price and triggering significant losses for the funds involved. Such an effective collective action was unprecedented in finance, and its dynamics...

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Bibliographic Details
Main Authors: Lorenzo Lucchini, Luca Maria Aiello, Laura Alessandretti, Gianmarco De Francisci Morales, Michele Starnini, Andrea Baronchelli
Format: Article
Language:English
Published: The Royal Society 2022-04-01
Series:Royal Society Open Science
Subjects:
collective action
coordination dynamics
networks‌
social media
Online Access:https://royalsocietypublishing.org/doi/10.1098/rsos.211488

Internet

https://royalsocietypublishing.org/doi/10.1098/rsos.211488

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