WallStreetBets: Positions or Ban

01/28/2021
by   Christian Boylston, et al.
0

r/wallstreetbets (WallStreetBets or WSB) is a subreddit devoted to irreverent memes and high-risk options trading. As of March 30, 2020, the subreddit boasts a usership of nearly 1.1 millions subscribers and self-describes as "if 4chan found a Bloomberg terminal." This paper will utilize Amy Jo Kim's community design principles along with social psychology theory as frameworks to understand how this chaotic, oftentimes offensive community has developed one of the largest and most loyal user bases on the platform. We will further argue that humor plays a vital role in promoting in-group cohesion and in providing an unconventional third place for traders (and thinly veiled gamblers) to seek support from each other in the form of vulgar, yet good-humored taunting.

READ FULL TEXT
POST COMMENT

Comments

There are no comments yet.

Authors

page 31

page 33

page 34

page 36

04/27/2022

Panoptic: a perpetual, oracle-free options protocol

Panoptic is a perpetual, oracle-free, instant-settlement options trading...
01/14/2022

This Must Be the Place: Predicting Engagement of Online Communities in a Large-scale Distributed Campaign

Understanding collective decision making at a large-scale, and elucidati...
08/22/2021

Boundary Spanning and the Support of Digital Entrepreneurs: A Case Study of Bahrain

This paper explores the role of public and private sector teams as they ...
11/29/2017

Leveraging Conversation Structure on Social Media to Identify Potentially Influential Users

Social networks have a community providing feedback on comments that all...
08/23/2021

Organizational Resilience between Competing Networks of Infomediaries: A Case Study in Civil Society Resilience in Hong Kong

This study explores how non-governmental organizations (NGOs) in Hong Ko...
06/04/2019

A Just and Comprehensive Strategy for Using NLP to Address Online Abuse

Online abusive behavior affects millions and the NLP community has attem...
07/16/2021

Predicting Daily Trading Volume via Various Hidden States

Predicting intraday trading volume plays an important role in trading al...
This week in AI

Get the week's most popular data science and artificial intelligence research sent straight to your inbox every Saturday.