Retired General and former Director of the National Security Agency (NSA) Keith Alexander (R) and Kevin Mandia (L), CEO of FireEye, testify on Russian Intelligence Activities during US elections during a Senate Select Committee on Intelligence hearing on Capitol Hill in Washington, DC, March 30, 2017. / AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP via Getty Images)
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 did n’t have on the rise and fall of GME.
Reddit users on r/wallstreetbets rallied around the stock in an attempt to squeeze hedge funds that had bet against the video game company. Piiq told Reuters it detected’patterns of artificial behavior’ in gamestop-related posts just before the January 28th chaos through February 18th.
Piiq did not analyze Reddit traffic. Ceo Steve Huffman said the platform had not detected any bot-driven activity.
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