Daballoti cover

Social media bots hyped GameStop during the trading frenzy, according to a cybersecurity firm.

A cybersecurity firm found that bots were promoting GameStop stock on social media before and after the stock’s frenzied rise last month. Massachusetts-based PiiQ Media says social media bots promoted Dogecoin, GameStop, and other ‘meme’ stocks in posts on Facebook, Twitter, Instagram, and YouTube. The firm estimated that tens of thousands of bots participated, but it’s still unclear how much influence they had or didn’t have on the rise and fall of GME and other stocks.

Leave a Reply

Your email address will not be published. Required fields are marked *