Module 7 Article #1
How Twitter can see the financial future - and change it
http://www.startupsmart.com.au/technology/social-media/how-twitter-can-see-the-financial-future-and-change-it/2015111015898.html
This article discusses the effect that Twitter can have on the view people have on economics and the financial world. It talks about research that supports the fact that what people are saying and sharing on social media and how that has real effects on markets. It also says that Twitter tends to have more impact than Facebook. What people say on Twitter can change the future of markets.
I think that this article shows how social media has evolved and shows the future of social media. It is not just about connecting with friends and family, it can have a real impact on the markets. This takes social media to a more serious level. It seems that this will only increase in the future and social media will effect many more parts of people's lives.
I absolutely agree that any social media platform has the ability to change the future of the economy, but more specifically the future of specific businesses. If a business gets enough bad reviews through social media it wouldn't take very much for them to tumble down at the hands of social media. Very interesting perspective.
ReplyDeleteI think social media absolutely has an effect on economics and market trends. The speculation bubble that led to the collapse of the stock market was caused by what the perception of the market was and how it was spread among the public. Now, we have social media that reaches even more people at an accelerated rate. If there were another "bubble" situation, would our market collapse at a faster rate?
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