Tuesday, February 16, 2016

New Media and its impact on the financial industry


New Media has enabled us to access information almost instantaneously. Within a minute or so, one can answer their own questions, explore content, and respond to information. Investor's can conveniently access and even react to information regarding their portfolio all through their smartphone. For example, Twitter features a search function specifically for stock tickers, where the user will be able to view tweets about the stock. Upon earning reports, investors can read imperative information in less than a 160 character tweet, switch apps and adjust their portfolio accordingly. For my project I would like to explore the depth in which New Media has impacted the financial markets and industry as a whole. Media, reports, and other published content drive the financial markets and New Media has changed the course in which we access media. Additionally, I expect to find that New Media has led to an increase in transparency of companies, especially in market driven aspects. I will begin my research with understanding how financial reporting and financial news was published using Old Media. While researching the industry before the change in media I will note the demographics during that time to further understand how the change in media has led to an increase in market participation. Lastly, I will draw conclusions on New Media's impact based on how each aspect the industry has transitioned in modern times.

- Stavros Orsaris

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