As the world is getting more forward-looking in terms of technology, everything seems so digital now, and nobody can deny the presence of social media platforms that are changing not only human life but the impression of businesses and stock markets, too. Among them, Twitter is getting attention as the top-rated social media site, and it’s quite an exciting one.
How Twitter influences financial markets worldwide?
Twitter is a household name now, and we all know the presence of social media in our lives. The power of social platforms is increasing with each passing day. It has the potential to influence not only a common man’s life but stock markets, too.
According to Barron’s research, they say that twitter has influences in the financial markets. They did a study on twitter and traditional media influences on the sovereign bond market and found the impact is high.
According to the report of 2013, over 66% of companies are willing to increase their social media presence because of competitiveness and the influence of them on everyday stock analytics. In the same report, you can see the leading position among social media belonged to LinkedIn (58%) and Twitter (47%). When it comes to the former one, it is for the recruitment purpose as people upload their resumes, and the company hires them as per their suitability. The latter one is influencing the stock markets because larger companies feel more pressure on them as everyone’s eyes are on their activities.
How Twitter Works?
There are different patterns of using Twitter. When it comes to large businesses, they preferably tweet more and keep their followers up-to-date with their strategies and policies so that they keep themselves in the competition, while smaller companies like to share hyperlinks and hashtags in their tweets more than anything.
Using hashtags is an effective method to spread one’s message or a tweet to the broader audience fast so you can find any tweet with ease. However, there are many applications in the PlayStore that are providing the latest updates on stock market tweets. Do you want to know about them? Let’s find out.
Twitter Impacts the Crypto market
Some events happened on twitter created huge impact on the crypto market, Elon Musk the founder of Tesla has near 60 million followers and every tweets of him affects the crypto market significantly.
Event hough there were many factors Musk’s tweets made Bitcoin to plunge from 65000 dollars to 30000 dollars. in May 2021. Most of the investors know that there is a value for every financial instruments but these type influencing events impacts the majority of the investors very badly and some of them its a fortune to get big gap market falls or ups.
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