{"id":644,"date":"2021-05-23T23:56:00","date_gmt":"2021-05-23T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=644"},"modified":"2025-01-10T14:57:51","modified_gmt":"2025-01-10T06:57:51","slug":"social-network","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/23\/social-network\/","title":{"rendered":"Will the social network and fintech change stock investment?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/23\/social-network\/#Social_network_is_powerful\" >Social network is powerful<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/23\/social-network\/#Will_not_affect_the_fundamentals_of_the_stock_market\" >Will not affect the fundamentals of the stock market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/23\/social-network\/#Technology_makes_stock_trading_effectively_thats_all\" >Technology makes stock trading effectively, that&#8217;s all<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/23\/social-network\/#Human_nature_not_changed\" >Human nature not changed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/23\/social-network\/#Related_article\" >Related article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Social_network_is_powerful\"><\/span><strong>Social network is powerful<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The rise of social network now allows news of the investment market to spread to all corners of the world in a short period of time. This has also led to the fact that the investment methods of young people now affect the stock market (such as Game Stop (ticker: GME) case), people may worry about whether the stock market will affect the stability of investment and the rate of return.<\/p>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Will_not_affect_the_fundamentals_of_the_stock_market\"><\/span><strong>Will not affect the fundamentals of the stock market<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>My opinion is that there will not be any fundamental changes. Because human nature does not change, the stock market reflects the collective behavior of all investors. This has not changed since the stock market. Just as I quoted Jesse Livermore in the introduction to the chapter of the postscript of the book  &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8221; Livermore said: &#8220;There is nothing new&nbsp;in&nbsp;Wall Street. Whatever&nbsp;happens in the stock market today has happened before and will happen again.&#8221;<\/p>\n\n\n\n<p>In  Livermore&#8217;s era, there were only paper tape machines. Later, they mainly relied on telegrams. 30-40 years ago, investment consultants and celebrities used fax machines to attract retail investors to join, but now the Internet celebrity use the Internet to attract members to tout stocks. The methods are different, but the essence of mass input is the same.<\/p>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technology_makes_stock_trading_effectively_thats_all\"><\/span><strong>Technology makes stock trading effectively, that&#8217;s all<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/04\/23\/how-reddit-meme-stocks-like-gamestop-and-amc-changed-wall-street.html\" target=\"_blank\" rel=\"noreferrer noopener\">The netizen&nbsp;in the United States use the ancient Reddit (not yet listed) on the Internet to connect stock investors<\/a>, while the netizen&nbsp;in Taiwan gather on the PTT network, which is older than Reddit, to discuss or chase various stocks or internet celebrity. Blown the story of short-term stock market gains. <\/p>\n\n\n\n<p>Robin Hood (ticker HOOD), which provides a variety of free or low-rate securities services to young retail investors, and vowed to break the long-term Wall Street monopoly, has emerged as a dominate power. PayPal (ticker: PYPL), which has subverted various consumer financial services from traditional banks. Block (ticker: XYZ), and SoFi (ticker: SOFI) have indeed greatly lowered the threshold for people (especially young people) to enter stock investment and the convenience of participation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"176\" height=\"128\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2022\/09\/Pixelkult-1600x1200-1.jpg\" alt=\"social network\" class=\"wp-image-14213\"\/><figcaption class=\"wp-element-caption\">credit: Pixelkult<\/figcaption><\/figure>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Human_nature_not_changed\"><\/span><strong>Human nature not changed<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>But regardless of social networks or fintech companies, what has changed is the way people participate in stock market investment (20 years ago, there was no mobile phone to place orders, 40 years ago, you must have deep enough pockets to open an account at a securities firm near you, otherwise you are not even eligible to buy shares). It makes the investment method more efficient, but it does not fundamentally change the behavior of people participating in the capital market; &#8220;&#8221;human&#8221; the biggest factor that may affect the stock market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_article\"><\/span>Related article<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/10\/10\/trolls-and-haters\/\" target=\"_blank\" rel=\"noreferrer noopener\">Trolls and haters, don&#8217;t become the cancer of modern society<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/22\/financial-media-and-experts\/\">No waste time on most financial media and experts, programs, internet celebrities<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/09\/choose-media-wisely\/\" target=\"_blank\" rel=\"noreferrer noopener\">Investors should choose media Wisely<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/11\/16\/important-and-knowable-info\/\" target=\"_blank\" rel=\"noreferrer noopener\">Information investors need should be important and knowable<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/23\/social-network\/\" target=\"_blank\" rel=\"noreferrer noopener\">Will the social network and fintech change stock investment?<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Will the social network and fintech change stock investment? The rise of social network now allows news of the investment market to spread to all corners of the world in a short period of time. <\/p>\n","protected":false},"author":1,"featured_media":14213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,126,13,402,148],"tags":[225,143,4,146,1419],"class_list":["post-644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-network","category-fintech","category-investing-behavior","category-jesse-livermore","category-us-online-brokerage","tag-gme","tag-hood","tag-pypl","tag-sofi","tag-xyz"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=644"}],"version-history":[{"count":27,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/644\/revisions"}],"predecessor-version":[{"id":33207,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/644\/revisions\/33207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/14213"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}