Stock prices can be influenced by social media.

Social media platforms like Twitter, Reddit, and others have become influential in shaping stock prices. Individual investors and even large institutions closely monitor social media channels for discussions, rumors, and sentiments related to specific stocks. This phenomenon has given rise to the concept of "social sentiment analysis," where algorithms are used to analyze social media data to predict market movements. The power of social media in finance was particularly highlighted during events like the GameStop stock surge in early 2021, demonstrating the impact that online communities can have on traditional financial markets.