After Gamestop frenzy, TikTok and Instagram now considered top sources of financial advice

Gamestop sparked a frenzy on Reddit that lit up TikTok. The dizzying rally for the game retailer’s stock that followed helped establish social media as one of the most popular sources for financial information, tips and advice, particularly among Gen Z, according to a new report — second only to friends and family for the 18-to-24 cohort. In fact, Gen Zers are nearly five times as likely to say they get financial advice — including stock tips — from social media as adults in their 40s or older, the report this delivered to your inbox, and more info about our products and services. … (full story)

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