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Self-induced consensus of Reddit users to characterise the GameStop short squeeze (en translation)

The short squeeze of GameStop (GME) shares in mid-January 2021 have been primarily orchestrated by retail investors of the Reddit r/wallstreetbets community. It represents a paramount example of collective coordination action on social media, resulting in large-scale consensus formation and significant market impact. In this work, researchers Anna Mancini, Antonio Desiderio, Riccardo di Clemente, and Giulio Cimini, characterize the structure and time evolution of Reddit conversation data, showing that the occurrence and sentiment of GME-related comments (representing how much users are engaged with GME) increased significantly before the short squeeze took place.

Read the full article on Scientific Reports