Social media bots may have fueled the GameStop stock frenzy

The GameStop stock frenzy appears to largely have been the product of Reddit users and trading apps like Robinhood, but some of its contributors might not have been human. According to Reuters, cybersecurity firm PiiQ Media has determined that people were using social media bots to promote GameStop, Dogecoin and other “meme” investments. Posts on Facebook, Instagram, Twitter and YouTube hopped on trading keywords like GME (GameStop’s stock symbol) and “hold the line,” starting around the opening of trading and surging toward the end.