DIEP seminar by Laura Alessandretti
The Dynamics of Online Coordination in the GameStop Stock Surge
In this talk, I will present a systematic investigation of the GameStop stock surge, a paradigmatic example of collective action facilitated by social media platforms. The focal point of this analysis is the r/wallstreetbets community on Reddit, which contributed a dramatic financial event through an unprecedented form of online coordination. Using a data driven approach, I will demonstrate the key role played by a committed minority within the online community and that of the community's social identity as events unfolded. I will unveil the linkage between online discourse and market movements, revealing distinct phases of activity impacting the stock behaviour. The presentation aims to provide a nuanced understanding of the interplay between social media and financial markets, offering insights into the emergent collective actions in digital spaces and their implications for market behavior.
If you wish to to attend this seminar online, please send an email to w.merbis@uva.nl to receive the zoom-link.