Stock Manipulation on Social Media
Cyabra analyzed the impact of profiles attempting to manipulate stock prices using social media as their primary tool.
Cyabra analyzed keywords and hashtags related to five top stocks on X and determined the authenticity of the profiles contributing to the conversations.
Cyabra found that 26% of X accounts engaged in discussions about the stock market are fake and a correlation was identified between the number of fake accounts and changes in the stocks they discussed.
#stocks
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