The growth of social media has brought about many benefits, providing a way for people to connect, communicate and organize. It's obviously also had negative impacts. It's enabled the rise of fringe movements and beliefs galvanized by social media activity, for example. Another, lesser understood issue around social media use is the cybersecurity risk it introduces.
A database containing 533M Facebook users’ data resurfaced on the internet, only this time for free. It means that more malicious actors can exploit data, and so you should be on the lookout for suspicious emails or messages.
Retail traders are once again pouring into heavily shorted stocks to trigger short squeezes, and AMC Entertainment (NYSE:AMC) is one of their main targets. Shares in this embattled movie theater operator have risen by a jaw-dropping 333% so far in 2021.
Aaron Barr, PiiQ Media co-founder and chief tech officer, joins ‘Power Lunch’ to discuss PiiQ’s findings on whether large bot armies moving the market.
A group of moderators from the subreddit behind GameStop (GME) short squeeze, which made the headlines across the globe, WallStreetBets (WBS), is now planning to take a path of decentralization and build a smart contract-based pool.
Analysis by cybersecurity company PiiQ Media determined that bots on major social media platforms have been hyping up GameStop and other meme stocks, suggesting foreign actors' participation in the trading frenzy fueled by social news aggregation, Web content rating, and discussion website Reddit.
GameStop's stocks are surging again following weeks of volatility on the stock market, sparked by a group of Reddit users who came together to short squeeze the hedge funds that bet against the video game store chain.
GameStop, AMC Entertainment, and other so-called meme stocks gained on Monday as retail investors looked to fuel new rallies.
The video-game retailer rose as much as 10.1%. AMC climbed 13.7%. BlackBerry and Express swung 5.2% and 7.4% higher.
Acybersecurity firm discovered that bots hyped GameStop stocks on different social media platforms. These intelligent programs were the ones that promoted the stocks, which led to its quick rise in February.
The buying frenzy that sparked a rush into GameStop (GME) and dogecoin (DOGE, -13.02%) recently was likely amplified by trading bots, according to analysis from a Massachusetts-based cybersecurity company.
The buying frenzy that sparked a rush into GameStop (GME) and dogecoin recently was likely amplified by trading bots, according to analysis from a Massachusetts-based cybersecurity company.
A cybersecurity firm found that bots were promoting GameStop stock on social media before and after the stock’s frenzied rise last month, Reuters reported. Massachusetts-based PiiQ Media says social media bots promoted Dogecoin, GameStop, and other “meme” stocks in posts on Facebook, Twitter, Instagram, and YouTube. The firm estimated that tens of thousands of bots participated, but it’s still unclear how much influence they had or didn’t have on the rise and fall of GME and other stocks.
Were bots behind the GameStop stock surge from less than $20 per share to nearly $350 per share? One cybersecurity firm is saying that may very well be the case.
The GameStop stock frenzy appears to largely have been the product of Reddit users and trading apps like Robinhood, but some of its contributors might not have been human. According to Reuters, cybersecurity firm PiiQ Media has determined that people were using social media bots to promote GameStop, Dogecoin and other "meme" investments. Posts on Facebook, Instagram, Twitter and YouTube hopped on trading keywords like GME (GameStop's stock symbol) and "hold the line," starting around the opening of trading and surging toward the end.
The so-called GameStonks saga had some help from automated bots hyping up “meme” stocks on Facebook, Instagram, Twitter, and YouTube, according to an analysis by the cybersecurity firm PiiQ Media reviewed by Reuters.
A recent white paper from PiiQ Media says that bots on several social media sites were building coordinated hype around so-called “meme stocks” like GameStop, Reuters reports.
Bots on major social media platforms have been hyping up GameStop and other “meme” stocks, according to an analysis by Massachusetts-based cybersecurity company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy.
WASHINGTON (Reuters) - Bots on major social media platforms have been hyping up GameStop Corp and other "meme" stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy.