Cybersecurity firm says social media bots hyped GameStop correct through buying and selling frenzy
A cybersecurity firm learned that bots were promoting GameStop stock on social media sooner than and after the stock’s frenzied upward push final month, Reuters reported. Massachusetts-based fully mostly PiiQ Media says social media bots promoted Dogecoin, GameStop, and different “meme” stocks in posts on Facebook, Twitter, Instagram, and YouTube. The firm estimated that tens of hundreds of bots participated, but it completely’s unruffled unclear how noteworthy have an effect on they'd or didn’t obtain on the upward push and drop of GME and different stocks.
Shares in GME skyrocketed in January as Reddit customers on r/wallstreetbets rallied round the stock in an strive to squeeze hedge funds that had wager in opposition to the video sport firm. PiiQ urged Reuters it detected “pattern...