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A Social Media Fueled Bank Crisis, Perpetual Pessimism in Finance, & Tech's Layoff Cleanse

Mind Your Money

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The Role of Social Media in the 2008 Financial Crisis

Social media accelerates the speed. I think the crash would have been probably quicker and maybe stronger potentially. Emotions with moralized content tend to get a lot of attention on social media. What people sometimes call moral outrage could have played somewhat overall in 2008, but could have played much more interesting role if it was happening with social media content.

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