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The stock exchange of influencers: a financial approach for studying fanbase variation trends

Bertone, Fabio
•
Vassio, Luca
•
Trevisan, Martino
2021
  • conference object

Abstract
In many online social networks (OSNs), a limited portion of profiles emerges and reaches a large base of followers, i.e., the so-called social influencers. One of their main goals is to increase their fanbase to increase their visibility, engaging users through their content. In this work, we propose a novel parallel between the ecosystem of OSNs and the stock exchange market. Followers act as private investors, and they follow influencers, i.e., buy stocks, based on their individual preferences and on the information they gather through external sources. In this preliminary study, we show how the approaches proposed in the context of the stock exchange market can be successfully applied to social networks. Our case study focuses on 60 Italian Instagram influencers and shows how their followers short-term trends obtained through Bollinger bands become close to those found in external sources, Google Trends in our case, similarly to phenomena already observed in the financial market. Besides providing a strong correlation between these different trends, our results pose the basis for studying social networks with a new lens, linking them with a different domain.
DOI
10.1145/3487351.3488413
WOS
WOS:001196170500069
Archivio
http://hdl.handle.net/11368/3025215
info:eu-repo/semantics/altIdentifier/scopus/2-s2.0-85124405361
https://dl.acm.org/doi/10.1145/3487351.3488413
Diritti
open access
license:copyright dell'editore
license:digital rights management non definito
license uri:publisher
license uri:iris.pri00
FVG url
https://arts.units.it/request-item?handle=11368/3025215
Soggetti
  • social network

  • follower

  • bollinger band

  • influencer

  • google trend

  • instagram

  • stock market

google-scholar
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