Stock Manipulation on Social Media

June 27, 2024

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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Analytics dashboard summarizing 268 social media profiles with 60 inauthentic accounts (22%) and 205 authentic accounts (76%), plus a line chart comparing fake-account activity and stock price from 03/29 to 04/04, where fake activity surges on 04/04 as the stock price trends downward
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