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...

Full description

Saved in:
Bibliographic Details
Published in:Royal Society open science 2022-04, Vol.9 (4), p.211488
Main Authors: Lucchini, Lorenzo, Aiello, Luca Maria, Alessandretti, Laura, De Francisci Morales, Gianmarco, Starnini, Michele, Baronchelli, Andrea
Format: Article
Language:English
Subjects:
collective action
coordination dynamics
Mathematics
networks
social media
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!