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Shaping collective action in financial markets through popular expertise: An analysis of Due Diligence posts on WallStreetBets
Gendron, Madelaine, Paugam, Stolowy · Accounting, Organizations and Society · 2025
- Authors
- Gendron, Madelaine, Paugam, Stolowy
- Year
- 2025
- Venue
- Accounting, Organizations and Society
- Topic
- community-dynamics
Summary
Analyzes the 150 most-upvoted Due Diligence posts on r/wallstreetbets plus interviews with eight community members to explain how the community shaped the 2021 meme-stock collective action that forced a multi-billion-dollar hedge fund to close a year later. A 'popular expertise' propagated in a hybrid language mixing financial analysis with pop-culture style; resentment about market unfairness mobilized the action but did not produce a sustainable collective movement.
Related issue
Sources
- 01HAL open-archive record (hal-05187096)Academic2025
- 02DOI resolver (10.1016/j.aos.2024.101588)Academic2025