2022 was a bad year for social media. Twitter had its embarrassingly public meltdown under Elon Musk; Facebook had its worst fiscal year on record. And a growing chorus of U.S. policymakers called for a ban on TikTok. But should we “embrace their ruination,” as one recent Atlantic op-ed argued? “We cannot make social media… Read More »
Technology moves fast, and the law often struggles to keep up. This is particularly true in consumer finance, where new ways of constructing and delivering financial products and services can quickly outpace traditional regulatory frameworks. Indeed, the policy attention garnered by the financial technology (fintech) sector is largely focused on how best to regulate new… Read More »
Expressive Trading and Markets The phenomenon of social-media-driven trading (SMD trading) entered the public consciousness earlier this year when GameStop’s stock price was driven up two orders of magnitude by a “hivemind” of individual investors coordinating their actions via social media. Some believe that GameStop’s price is artificially high and is destined to fall. Yet the stock prices of… Read More »
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