The Virality of Social Media is a New Risk Factor for Banks

Great thread on how “social media risk” is a new vector for banks — and virtually any critical institution.

The TLDR is that collective communication technology (social media platforms) has rapidly enhanced over the last 15 years, causing information to spread faster and more fiercely. That has a strong impact on market structure and dynamics. Information comes into the public domain faster and events unfold exponentially quicker.

It’s going to be crucial for banks — among other institutions — to ensure they have strong communications on public channels to “combat” information flow on social media.

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