Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home Stock

How social media could change the future of the Stock Market

1 month ago
in Stock
2 min read
How social media could change the future of the Stock Market
Share on FacebookShare on Twitter


Social media influence on the stock market

Jordan Bowen reports

TAMPA, Fla. – The S.E.C. and Congress are asking questions about the Game Stop frenzy that has all eyes on Wall Street. Congressional and U.S. Senate committees on financial industry oversight now plan to have hearings on the matter.

Come Monday morning trading will be back open on Wall Street. It comes after a volatile week that all started on the online forum Reddit where a group of retail investors bet big on the company and got others to do the same by buying stocks to raise the price. They did so because major hedge fund firms were betting game stop stock would drop also known as shorting. 

“The is a really pivotal event. This event has revealed how important social media is. It’s sort of the democratizing of information,” former S.E.C. branch chief Lisa Braganca said.

By Friday, Game stop stock’s price closed at $325 per share. That’s compared to the roughly $40 per share it was selling at a few weeks ago.

Braganca says it shows just how much of have impact social media can have on the stock market.

“This could not have happened if we didn’t have the internet and if we didn’t have a bunch of people who are hanging out in the same place on this Reddit board talking about these issues and comfortable enough that they are listening to each other,” Branganca said.

The buying frenzy forced Robinhood–a popular stock trading app among millennials–to restrict investors from buying stocks of companies, including, Game Stop and AMC Entertainment citing the market was too volatile. The move drew criticism from lawmakers on both sides.

Braganca says what’s happened could lead to bigger changes in the future, but as far as what those changes could be is still hard to say.

“This is one of those seminal moments where everybody should take a breath and step back and think about how we got here, before we act,” Braganca said.



Go to the news source: How social media could change the future of the Stock Market

Tags: ChangefutureMarketMediasocialStock
Previous Post

China Solar Unit Defaults on $500 Million Amid 700% Rally

Next Post

Myanmar coup: Army seizes power after detaining leader Aung San Suu Kyi and ruli…

Related Posts

Dow Jones Futures Rise After Fed Chief Powell Triggers Market Break; What You Sh…
Stock

Dow Jones Futures Rise After Fed Chief Powell Triggers Market Break; What You Sh…

by Forex News
March 5, 2021
0

Dow Jones futures rose slightly Friday morning, along with S&P 500 futures and Nasdaq futures, erasing overnight losses as...

Read more
Dow Jones Dives, Tech Stocks Sell Off On Powell Speech As Yields Spike; Tesla St…
Stock

Dow Jones Dives, Tech Stocks Sell Off On Powell Speech As Yields Spike; Tesla St…

by Forex News
March 4, 2021
0

The Dow Jones Industrial Average slid 450 points Thursday in the wake of Fed Chairman Jerome Powell's speech, as...

Read more
Cramer recommends theme stocks to buy on the next market sell-off
Stock

Coronavirus losers suddenly have the best stocks

by Forex News
March 4, 2021
0

Strong stocks are in free fall and beaten-down names are on the rise as market players adjust their portfolios to take...

Read more
Live Updates: Bond Market, Stocks and Wired Magazine
Stock

Live Updates: Bond Market, Stocks and Wired Magazine

by Forex News
March 3, 2021
0

Here’s what you need to know:Lael Brainard, a Federal Reserve governor, made it clear that the Fed was watching...

Read more
5 things to know before the stock market opens March 2, 2021
Stock

5 things to know before the stock market opens March 2, 2021

by Forex News
March 2, 2021
0

Here are the most important news, trends and analysis that investors need to start their trading day:1. Stocks set...

Read more
Nio Stock Jumps Ahead Of Report After Rival’s Profit Surprise
Stock

Nio Stock Jumps Ahead Of Report After Rival’s Profit Surprise

by Forex News
March 1, 2021
0

Nio (NIO) tees up to report for a fourth quarter in which it more than doubled deliveries, after Chinese...

Read more
Dow futures rise more than 200 points as Treasury yields fall
Stock

Dow futures rise more than 200 points as Treasury yields fall

by Forex News
March 1, 2021
0

A woman walks past the New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New...

Read more
Nine of top 10 firms lose nearly ₹2.2 lakh crore in market valuation
Stock

Nine of top 10 firms lose nearly ₹2.2 lakh crore in market valuation

by Forex News
February 28, 2021
0

Nine of the 10 most-valued companies lost a whopping ₹2,19,920.71 lakh crore in their total market valuation last week...

Read more
3 Cannabis Stocks to Buy and Hold
Stock

3 Cannabis Stocks to Buy and Hold

by Forex News
February 27, 2021
0

You'll hear a lot about pot stocks to trade for short-term profits. And if your timing is really good,...

Read more
Stock Market Rally Under Pressure As Tesla, Nvidia, Square, Growth Stocks Sell O…
Stock

Stock Market Rally Under Pressure As Tesla, Nvidia, Square, Growth Stocks Sell O…

by Forex News
February 26, 2021
0

The stock market rally came under pressure, with the Nasdaq breaking below its 50-day line as Treasury yields soared....

Read more
Next Post
Myanmar coup: Army seizes power after detaining leader Aung San Suu Kyi and ruli…

Myanmar coup: Army seizes power after detaining leader Aung San Suu Kyi and ruli...

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

Live Foreign Currency Exchange Rates

CORRECTION – Kane Biotech to Webcast Live at Life Sciences Investor Forum on Dec…

3 months ago
Tencent Doubles Stake in Universal Music, Home to Billie Eilish and the Beatles

Tencent Doubles Stake in Universal Music, Home to Billie Eilish and the Beatles

3 months ago
Goldman Sachs backs two ‘unloved’ European indexes to outperform in 2021

Goldman Sachs backs two ‘unloved’ European indexes to outperform in 2021

2 months ago
US dollar slides as vaccine news offsets surge in virus cases

US dollar slides as vaccine news offsets surge in virus cases

2 months ago

Today Market News

India’s forex reserves increase by $689 million to $584.55 billion
Live

India’s forex reserves increase by $689 million to $584.55 billion

March 5, 2021
Live Business and Stock Market Updates
Economy

Live Business and Stock Market Updates

March 5, 2021
Father arrested in India for beheading his 17-year-old daughter
World

Father arrested in India for beheading his 17-year-old daughter

March 5, 2021
February US Nonfarm Payrolls w/ Christopher Vecchio, CFA
Live

February US Nonfarm Payrolls w/ Christopher Vecchio, CFA

March 5, 2021
February job growth surges above expectations as coronavirus recovery picks up s…
Economy

February job growth surges above expectations as coronavirus recovery picks up s…

March 5, 2021
Live Foreign Currency Exchange Rates
Politics

US cases rise, deaths fall; California; Maryland; Texas

March 5, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz