Twitter’s Stock Market Phenomena: From Traditional Media to Social Media Marketplace 2021
In recent years, traditional media has lost money marketing to social media as in almost every field. Social media networks like Twitter, Facebook, Instagram and YouTube create their own economy and stock market phenomena. The number of followers of these phenomena continues to increase rapidly.
The appearance in the traditional media can prevent us from getting even the developments regarding the economy that concern the whole public with clarity. All these increase people’s orientation to social media. As a matter of fact, with the participation of very valuable names who are experts in their field, YouTube economy channels continues to open.
YouTube provides a good opportunity to listen to developments in the economy from a variety of perspectives and to understand what is happening in the economy. However, this is not always sufficient for investment areas such as the stock market. When it comes to investments, for example if we take the stock market, we need much faster information flow for stock developments. This takes us to Twitter, where there is a more lively and fast information flow.
On Twitter, we can quickly access developments, news or analysis about a stock. For example, if we want to see a development, news, analysis or comment about the Aselsan share, it may be sufficient to type $ ASELS or #ASELSAN in the search box on Twitter. However, there are also Twitter stock market phenomena with a high number of followers, who specifically and frequently post developments, news or analysis regarding stocks.
In fact, in this broadcast, we want to talk about the social media’s stock market phenomena and their posts, especially since it is more lively than other social media networks. Because while many of these phenomena share honestly, some of them unfortunately can mislead the investors even if they want to.
Proper Use of Social Media for Investment Purposes
It would not be wrong to say that social media networks, especially Twitter, and the internet in general have become important tools for investors. So much so that as an investor, search for specific stocks, obtaining information about a brokerage firm, finding guides on investment strategies, getting up-to-date news and discussing the markets with others We can use social media for.
The internet, social media networks, and especially Twitter, which is among these networks, can create a good environment for us to research a stock, follow news about the company and discuss the stock we are interested in with other investors. For example, if we think that Migros is the stock you are interested in, it is enough to search Twitter for $ MGROS or #Migros hashtags to see news, information, analysis or discussions for the company.
However, social media and the internet not only provide many benefits for investors, but also open the door to scammers. Scammers via social media false or misleading information about a stock It can spread to large numbers of people with minimal effort and at a relatively low cost. On the other hand, they can disguise their true identity and harm investors by acting anonymously or even impersonating trusted sources of market information.
Distinction of Real Twitter Exchange Phenomenons and Scammers
It is necessary to distinguish between Twitter stock market phenomena and scammers correctly. Although every person with high followers and interaction is considered a “phenomenon”, you need to understand that not every person with this high followers and interaction is reliable.
To give an example, recently, the manager of an account with high followers and interaction on Twitter had the following for a stock. right after giving a take and hold advice related to the portfolio the shares he had disposed of was understood. The regulatory agency imposed a fine on the account holder who committed this action.
As another way of abusing investor interest on social media, fraudsters can also make a market manipulation, such as spreading false and misleading information about a company to influence the share price. This way, fraudsters can perpetuate stock rumors on social media, Telegram groups, and online discussion forums.
False or misleading rumors can be positive or negative. For example, a Pump and Dump In his plan, supporters spread positive rumors provoking a buying spree they inflate the stock price and before this hype ends they are quickly leaving their shares. Typically, after the supporters profit from their sales, the stock price falls and the remaining investors lose money.
In other cases, again, for example in the Pump and Dump plan, fraudsters can spread negative rumors urging investors to sell their shares, so the stock price falls, and fraudsters can take advantage of it by buying shares at an artificially low price.
Things to Consider When Using Social Media for Investment
As an investor, you need to be aware that scammers can use social media to impersonate an established source of market information. For example, scammers can create an account name, profile or promotional advertisements designed to impersonate a particular company or securities research firm. They can even put the company’s logo, links to the company’s actual website, or even go so far as to create a web page that references the name of a real person working for the company.
While using social media to follow stocks, company researches, news and developments within the scope of investment in general, you can pay attention to some points. Here are a few things to consider when following social media for investments:
Strangeness in the Sender Account
When you receive investment information via social media, verify the identity of the underlying source. Be sure to look for minor differences or typos in the sender’s account name, profile, email address, screen name or ID, or for obvious signs that the sender might be a fraud.
Hasty Buy or Sell Pressure
Before acting hastily, take a detailed account of qualitative and quantitative factors. stock research Take enough time to do it (the same goes for other investment options). Be skeptical of messages and messages that encourage you to buy stocks or sell your stocks “before it’s too late” before the price drops after negative news has been released. Be especially careful if those who do these pressures claim that the advice is “inside” or is based on confidential information. Because the abuse of information called Insider Trading is a crime and subject to severe penal sanctions. For the CMB’s explanation on information abuse you can review here.
The Reality of News, Analysis and Developments
Check whether information that appears to come from a specific company or securities research or direct analysis firm is genuine. When contacting a company or trying to access the website, be sure to use the website address provided by the company itself, as in CMB (Capital Markets Board) and KAP (Public Disclosure Platform) files. Carefully type the website address into the address bar of your web browser.
Badges for Verified Accounts
On social media, you may come across economists, analysts or employees at securities research firms. Well, are these people really those people? The best way to understand this is through account verification badges. Some social media networks have systems that can help you determine if a sender is genuine. For example, Twitter verifies the authenticity of accounts by posting a blue verified badge (a solid blue circle with a white checkmark) on member profiles. While a verified account does not guarantee that the source is genuine, be more suspicious of information from unverified accounts.
Accounts with Limited Shipping History
Fraudsters can repeatedly create specially designed new accounts to execute fraud schemes while concealing their true identity, without getting tired or tired. Therefore, be suspicious and be as careful as possible about information from social media accounts that do not have an account creation date or message posting history.
Unidentified Sender Information or Offers
Scammers can reach investors from social media sites, chat rooms in apps like Telegram, or forums. If you don’t know the sender personally (even if the sender’s name appears), be extremely careful with new posts, tweets, direct messages or emails you come across, or any contact requests requesting an investment or providing information about a particular stock.
Those who do not have license and activity permits
the laws of the Republic of Turkey securities, investment professionals and investment institutions of the Capital Markets Board (CMB) to take the necessary licenses and activities requires permissions. This is the most important thing to watch out for as an investor. No matter how low the commission rates are, for the safety of you and your investments best broker It will be the firm that has the CMB license and operating permits. Because many investors are victimized by unlicensed or unregistered companies. From the CMB’s Intermediary Institutions page You can see investment firms that are licensed and have operating permits. You can also check that a brokerage firm that you intend to work on the same page does not have license and activity permit.
CMB’s Warnings and Penalties for the Use of Social Media
Those who provide investment advice and provide such incentives through social media networks without the Capital Markets Board (CMB), investment consultancy and similar capital market activity permission or license should not be respected He is making warnings about it.
Board officials state that small investors should not rely on rumors, tips and investment advice posted on Twitter, Facebook, YouTube, Instagram and other social media networks, internet forums and chat rooms such as Telegram or Whatsapp.
In addition to all these, the regulatory body, it is important for all investors to approach cautiously, act in accordance with their risk profiles, always be suspicious of calls such as advertisements and announcements that promise high returns in a short period of time against shares in the market with an increase in transaction volume or price. emphasizes.
Now it’s your turn to speak! If you have stock market phenomena you follow on Twitter or another social media network, you can share them with us and our readers. Which social media or – directly – Twitter stock market phenomena are on your watchlist and why do you like to follow them? Write to us in the comments section, we will publish.