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Social media and investing: what influencers may not tell you
Nine in 10 Gen Zs use social media for information on investing, more than any other source of information, a survey shows
Published Sun, Aug 15, 2021 · 09:50 PM
Singapore
MAKING investments based off an influencer's stock picks synced to a Doja Cat tune on TikTok. Holding on to short-squeeze stocks because anonymous Reddit users say so.
Who does that? A rising number of young investors today, multiple studies - and this year's dizzying Gamestop rally - have shown. Social media content by self-styled "financial gurus" and open forums have become key sources of advice for the young as they take their first steps into investing.
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