• Corpus ID: 233864404

Should You Take Investment Advice From WallStreetBets? A Data-Driven Approach

  title={Should You Take Investment Advice From WallStreetBets? A Data-Driven Approach},
  author={Tolga Buz and Gerard de Melo},
Reddit’s WallStreetBets (WSB) community has come to prominence in light of its notable role in affecting the stock prices of what are now referred to asmeme stocks. Yet very little is known about the reliability of the highly speculative investment advice disseminated on WSB. This paper analyses WSB data spanning from January 2019 to April 2021 in order to assess how successful an investment strategy relying on the community’s recommenda­ tions could have been. We detect buy and sell advice and… 

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