Authors: Zezhong Wang, Siyang Hao, Inez Maria Zwetsloot, Simon Trimborn

Published on: October 07, 2024

Impact Score: 7.4

Arxiv code: Arxiv:2410.05002

Summary

• What is new: A new dataset that examines how social media discussions, especially on Reddit, impact stock market movements.
• Why this is important: Understanding the influence of social media discussions on stock market fluctuations.
• What the research proposes: A dataset containing Reddit posts about GameStop, AMC, and BlackBerry to analyze their effects on stock prices.
• Results: The data shows a correlation between Reddit discussions and the market movements of these meme stocks.

Technical Details

Technological frameworks used: Dataset creation and analysis framework, possibly involving natural language processing (NLP) for sentiment analysis.

Models used: Likely statistical and machine learning models to analyze the correlation between social media posts and stock prices.

Data used: Posts and comments from various Reddit subreddits about GameStop (GME), American Multi-Cinema Entertainment Holdings (AMC), and BlackBerry (BB).

Potential Impact

Stock trading platforms, financial analysis firms, social media companies, and meme stock investors could be significantly impacted.

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