Using Social Media for Investment Issues
by Cara Scatizzi
Over the last few years, the social media arena has exploded on the Internet. Social media typically is considered to be user-generated content, meaning the people who use the site are the ones posting the information. Most social media sites are free to encourage others to join. More users means more content, which in turn attracts even more users.
The Internet has come to be a place to share information with anyone who wants to read it.
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The financial sector was slow to adopt a lot of these new on-line media outlets, but this has changed in recent years. Five years ago the only social media outlets for investors were discussion forums, which could be hard to navigate and from which it was difficult to mine useful information, and a few blogs, which are on-line public diaries (shortened from the term weblog).
Today there are thousands of options for interested investors to exchange investment advice, tips and experiences. Even brokerage firms like Charles Schwab have added community investment features to their offerings.
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