Understanding Finfluencer Impact on Investors
Financial influencers, or "finfluencers," have become prominent players on social media, reaching millions of followers. But how much do they actually sway the investment choices of their audience, particularly younger investors? A study by St. Pölten University of Applied Sciences and Paradots sheds light on this phenomenon, surveying 300 followers (aged 18-34) of German-speaking finfluencers on Instagram.