"HODL: The Hold of Reddit Over the Stock Market" by A. M.Muntasir Rahman, Ajim Uddin et al.
 

HODL: The Hold of Reddit Over the Stock Market

Document Type

Conference Proceeding

Publication Date

1-1-2023

Abstract

WallStreetBets (WSB) became the center of attention among all the social media outlets following the Gamestop short squeeze incident in 2021. Naturally, this raises scientific queries about how much WSB has since sustained its influence on the stock market. With Reddit and other social media networks, prior efforts have concentrated on evaluating textual sentiment impacts using lexical or conventional machine-learning approaches. However, the natural language processing landscape has evolved remarkably with the introduction of large-scale language models, and it remains to be seen how much these models can help scrutinize Reddit's impact on the market participant. This research offers a BERT-based sentiment scoring approach tailored specifically for the text used in Reddit's wallstreetbets community. We anticipate that this will encourage future studies in financial literature to use pre-trained language models for text analysis.

Identifier

85163828632 (Scopus)

ISBN

[9798350322446]

Publication Title

Proceedings 2023 IEEE 39th International Conference on Data Engineering Workshops Icdew 2023

External Full Text Location

https://doi.org/10.1109/ICDEW58674.2023.00010

First Page

36

Last Page

39

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