The Fund’s investment strategy relies heavily on social media analytics, which are relatively new and untested. ![]() Because meme stocks are heavily dependent on investor sentiment and opinion, they may be overpriced in comparison to the company’s fundamentals, resulting in losses to the Fund. As a result, meme stocks are prone to high volatility which may be a result of panic selling. Meme stocks are stocks whose trading volume increases not necessarily because of a company’s performance, but because of social media attention which may result from a variety of factors unrelated to the company’s performance, financial position, or other business fundamentals. Investing involves risk, including possible loss of principal. Read the prospectus or summary prospectus carefully before investing. This and additional information can be found in the Fund's prospectus or summary prospectus. Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. 2021 was a record-setting year for user growth on WallStreetBets with the subreddit reaching 11 million users as of November 2021 after beginning the year with just over 1 million.ġBloomberg Intelligence 2Reddit: r/wallstreetbets/ 3Robinhood Investor Relations Platforms such as Twitter, Reddit (r/WallStreetBets), Discord, and Stocktwits have become a home for millennial investors and amplified the ability to share and consume research and investment ideas. Data as of ) Emergence of Social Investing: According to Bloomberg Intelligence, retail has accounted for 21.3% of total equity volume in 2021, more than doubling its market share since 2010. ![]() Over the past several years, retail trading volume has grown noticeably as commission-free trading has become readily available from brokerages such as Robinhood. Due to the MEME Index's focus on stocks that are both highly shorted and subject to increased retail sentiment, as well as the fund's high turnover given bi-weekly rebalances, MEME may experience significantly greater volatility than conventional equity ETFs or mutual funds. The index is rebalanced every two weeks, in order to best attempt to capture trending stocks as they emerge. Social media activity and short interest data are supplied by third-party data providers. Short interest is calculated by the percentage of a security's float which are currently sold short. ![]() listed equity securities that exhibit a combination of elevated social media activity and high short interest. So, while ChatGPT may have kicked off this battle of the AI chatbots… Meta could very well win the chatbot war.The MEME Index consists of 25 equal-weighted U.S. And because it’s specially made to be user friendly, it could also become the one most people prefer to use. ![]() According to Statista, WhatsApp and Instagram both had 2 million monthly active users in January of this year, and Messenger had nearly a million.īecause these apps are so widely used, Meta AI could very well be many people’s first experience with an AI chatbot. These are incredibly popular social media platforms. So, Meta will have plenty of interactions to train the chatbot with.Īs I said before, Meta AI is available on Instagram, WhatsApp, and Messenger. So, although Meta AI isn’t currently trained on public data, it most likely will be. User feedback and interactions with the chatbot will improve the model. The virtual assistant is currently in beta, which means that Meta is still working out its kinks. Even with all of these features, we’re still in the early innings for Meta AI… and for generative AI.
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