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Archive » January 2022 » The GameStop case, the role of social media and the European initiatives

The GameStop case, the role of social media and the European initiatives

Neomisio Susi
January 2022 - n. 1
Keywords: Azioni, finanza globale, social media
Jel codes: G12, G15, G24, D83

The GameStop case, which broke out in January 2021, has had relevant implications in various areas of global finance. Among its causes, one of the most important was the role of social media and the fact that messages conveyed through online channels can constitute investment recommendations. The Statements of various Supervisory Authorities, including Esma and Consob, published during 2021, focused on these issues: they aim to warn investors and market operators about the risk of investing on the basis of unverified information and on the rules to be respected for their dissemination. The characteristics of the case also raise important questions, especially those relating to investor education and the role of supervision.

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