Reddit, the most popular news community in the United States, serves as both the most intriguing corner of the internet and a highly organized hub of concentrated information. This comprehensive social news platform, functioning as a decentralized online community, brings together diverse individuals through shared interests and concerns, fostering organizational structure and a sense of belonging. Reddit's slogan is "Voice of the Internet, Ahead of the News."
In the financial sector, the wallstreetbets (WSB) subreddit has emerged as a critical hub for investment information dissemination. Notable events like the "Wall Street short squeeze" - dubbed as a historic "battle" between retail investors and institutional players in U.S. stock markets - saw substantial mobilization of retail investors through this subreddit during the information storm.
The post and comment data from WSB subreddit represents unique alternative data in finance, providing not only market insights for investors but also large-scale textual support for academic research. CnOpenData has acquired comprehensive post and comment data from WSB subreddit, featuring massive textual samples. Through specially designed data structures, it establishes linkages between posts and comments, as well as inter-comment relationships, facilitating scholarly analysis.
Time Coverage
Dec 2017 - Sep 2023
Field Description
Sample Data
WSB Subreddit Post Information Table
WSB Subreddit Comment Information Table
Relevant Literature
- Indranil Ghosh, Esteban Alfaro-Cortés, Matías Gámez, Noelia García-Rubio, 2024, "Reflections of public perception of Russia-Ukraine conflict and Metaverse on the financial outlook of Metaverse coins: Fresh evidence from Reddit sentiment analysis", International Review of Financial Analysis, Volume 93.
Update Frequency
Annual updates