Robinhood Ripple Effects: How Online Communities Have Impacted The World of Investment and Crypto

2 min read

The COVID-19 pandemic brought with it plenty of disruptive forces limiting industry and the way we socialize with our peers. However, it also seems to have enabled individuals to coordinate in their masses to make money by pumping up stocks and cryptocurrencies. Have we become embroiled in the age of crowdsourced investments? Throughout late 2020 and early 2021, social media networks like TikTok and community platforms like Reddit have been inspiring users to strategically invest funds on mass into assets that either evoke nostalgia, appear to represent value, or are simply built on meme culture in a bid to inflate…...

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Dmytro Spilka Dmytro is a tech and finance writer based in London. His work has been published in Nasdaq, Kiplinger, Financial Express, The Diplomat, IBM, Investment Week and FXStreet.