How has social media transformed the stock market? Dive in to find out!
Social media and commission-free apps have doubled retail traders to 20% of daily market action.
Reddit's WallStreetBets sparked a frenzy in stocks like GameStop, adding $276 billion in value, but $167 billion quickly vanished.
Social media posts create FOMO, leading to massive price surges and wild market volatility in meme stocks.
Commission-free apps make money through high-volume trades, pushing users towards riskier options like margin trading.
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The January 2021 trading surge stressed brokers and clearinghouses, leading to margin changes and trading suspensions.
To protect traders, there’s a call for better training, moderation of social media posts, and stronger market infrastructure.