The landscape of social media seems to be constantly evolving, especially among teens who are more often than not the gatekeepers of this space. For instance, TikTok and Instagram are among the more popular platforms where videos and pictures of various topics are shared, with investing advice recently taking off on both platforms.
Namely, a new study carried out by CMC Markets and shared with Finbold, highlighted the most popular stocks across the above two platforms based on TikTok viewing numbers and Instagram posts focused on stocks.
The study showed that Tesla (NASDAQ: TSLA) is the most popular stock on social media, with 45.4 million views on TikTok, along with 28,391 Instagram posts hashtagged with #TeslaStock. In addition, another study by the same provider found that Tesla was Europe’s most Googled stock in the last month.
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AMC Entertainment (NYSE: AMC) comes is in second place where the #AMCStock hashtag gathered 25.8 million views on TikTok, while 14,834 Instagram posts were made with the same hashtag. Further, AMC also ranked as is the second most popular stock among European ‘googlers.’
Whereas, Apple (NASDAQ: AAPL) came in third with #AppleStock hashtag amassing 11.7 million views on TikTok and 12,436 Instagram posts using the same hashtag.
People turning to social media for stock news
Meanwhile, a spokesperson from CMC Markets commented on the findings:
“While these findings might illustrate what stocks get coverage on social media, it also shows the sheer amount of views one can get from posting about them. Many people are turning to social media for their information on the stock market and even tips and tricks for using it properly. The inclusion of ‘meme stocks’ like AMC and GameStop is no surprise either, with social media sites being some of the biggest pioneers for the rise and fall of these stocks.”
It seems that the younger generation has no qualms about getting their investing information from social media sites, which, based on the numbers, are gaining enormous traction, with the rise in zero-cost investing platforms has enabled the younger generations to get into investing.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
