We Did Start the Fire: r/wallstreetbets, ‘Flash movements’ and the Gamestop Short-Squeeze

dc.contributor.authorSchou, Peter
dc.contributor.authorBucher, Eliane
dc.contributor.authorWaldkirch, Matthias
dc.contributor.authorGrünwald, Eduard
dc.date.accessioned2021-12-24T17:59:25Z
dc.date.available2021-12-24T17:59:25Z
dc.date.issued2022-01-04
dc.description.abstractIn January 2021, Wall Street suddenly faced a challenge from an online community, r/wallstreetbets, which organized a large group of small investors in betting against Wall Street hedge funds. In an instant, the online community came to resemble a social movement nature that brought them comparisons to Occupy Wall Street. To improve understanding of this phenomenon, we studied the Wallstreetbets movement relying on a mixed-methods research design, which combines an unsupervised topic model with in-depth qualitative coding. Our findings outline how Wallstreetbets became a ‘flash movement’, a movement that we define as arising swiftly without former planning or design, through the imbrication of social activities and affordances and constraints of online communities. Our study contributes to (1) the recent interest in spontaneous action in social movements; (2) how social media affordances and constraints affect social movements, and (3) extends methodologies for studying digital social movements.
dc.format.extent12 pages
dc.identifier.doi10.24251/HICSS.2022.543
dc.identifier.isbn978-0-9981331-5-7
dc.identifier.urihttp://hdl.handle.net/10125/79880
dc.language.isoeng
dc.relation.ispartofProceedings of the 55th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectCrowd-based Platforms
dc.subjectaffordances
dc.subjectimbrication
dc.subjectmixed methods
dc.subjectonline communities
dc.subjectqualitative methods
dc.subjectsocial movements
dc.titleWe Did Start the Fire: r/wallstreetbets, ‘Flash movements’ and the Gamestop Short-Squeeze
dc.type.dcmitext

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