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FinCap Friday: Viral or Vicious? Flashcards | StudBud

Explore/FinCap Friday: Viral or Vicious?

FinCap Friday: Viral or Vicious?

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1
What is a leading reason why social media commerce saw such a big increase in 2020?
Only 1% of the US population is not on social media
The pandemic led people to spend more time online
The number of viral videos increased exponentially
Without a social media presence, companies fail
2
There’s a fast-growing number of Multi-Level Marketing companies with recruitment schemes in:
Learning to trade stocks & forex (foreign exchange)
Creating online courses
Creating Tik Tok dances
Learning social media search engine optimization
3
Which platforms did Financial Advisors surveyed in the US say they used most?
Instagram and Pinterest
Tik Tok and Twitter
Youtube and Snapchat
Linkedin and Facebook
4
Which feature of social media makes it an effective place for learning about finance?
The platforms are visual with lots of videos & images
Social media platforms are global, not national
There are a lot of people on social media
Most content is sponsored by brands & companies
5
What is one way that hackers target financial influencers on social media?
Creating fan pages and selling merch
Promoting a fake event to collect email addresses
Promoting posts that are unrelated to money
Creating fake accounts to ask followers for money