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Social media, polarization and democracy: a multi-methods analysis of polarized users' interactions on Reddit's r/WallStreetBets

  • In times of increased political polarization, the continuing existence of a deliberative arena where people with antagonistic views may engage with each other in non-violent ways is critical for democracy to live on. Social media are usually not conceived as such arenas. On the contrary, there has been widespread worry about their role in increasing polarization and political violence. This paper suggests a more positive impact of social media on democracy. Our analysis focuses on the subreddit “r/WallStreetBets” (r/WSB) - a finance-related forum that came under the spotlight when its users coordinated a financial attack on hedge funds during the Gamestop saga in early 2021. Based on an original method attributing partisanship scores to users, we present a network analysis of interactions between users at the opposite sides of the political spectrum on r/WSB. We then develop a content analysis of politically relevant threads in which polarized users participate. Our analyses show that r/WSB provides a rare space where users with antagonistic political leanings engage with each other, debate, and even cooperate.

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Verfasserangaben:Elsa Clara MassocORCiD, Maximilian Lubda
URN:urn:nbn:de:hebis:30:3-640268
URL:https://ssrn.com/abstract=4006283
DOI:https://doi.org/10.2139/ssrn.4006283
Titel des übergeordneten Werkes (Englisch):SAFE working paper ; No. 337, LawFin Working Paper ; No. 28
Schriftenreihe (Bandnummer):LawFin Working Paper (28)
SAFE working paper (337)
Verlag:SAFE
Verlagsort:Frankfurt am Main
Dokumentart:Arbeitspapier
Sprache:Englisch
Jahr der Fertigstellung:2021
Jahr der Erstveröffentlichung:2022
Veröffentlichende Institution:Universitätsbibliothek Johann Christian Senckenberg
Datum der Freischaltung:19.01.2022
Freies Schlagwort / Tag:democracy; investment forum; polarization; social media
Ausgabe / Heft:Date of first version: 17 December 2021
Seitenzahl:22
Bemerkung:
This research benefited from the support of the Leibniz Institute for Financial Research SAFE [grant number 123102] and was funded by the German Research Foundation (Deutsche Forschungsgemeinschaft, DFG) – project FOR 2774.
HeBIS-PPN:491471424
Institute:Wirtschaftswissenschaften / Wirtschaftswissenschaften
Wissenschaftliche Zentren und koordinierte Programme / House of Finance (HoF)
Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS)
Wissenschaftliche Zentren und koordinierte Programme / Sustainable Architecture for Finance in Europe (SAFE)
Wissenschaftliche Zentren und koordinierte Programme / DFG-Forschergruppen / Foundation of Law and Finance
DDC-Klassifikation:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Sammlungen:Universitätspublikationen
Lizenz (Deutsch):License LogoDeutsches Urheberrecht