Fintwit Influencers

I don’t really tweet anymore ever since Elon acquired the company as the platform has gone to shit. I used to love Twitter as a place to learn and meet interesting people. I’ve met a good number of people from Twitter in real life over the years. Nowadays, it’s basically all ads and porn. Clicking on a viral tweet basically confirms that you’ll be seeing some gross stuff in the replies.

I still get the urge to scroll through during downtimes. One of the latest trends is that there’s a user going after the Fintwit folks like the sweaty startup guy, Peter Schiff, and Codie Sanchez. Now I don’t know any of these people and I have no desire to dive deep, but these are folks who have built large followings on the platform based on their successes in investing.

I am always wary of folks on the internet. It’s easy to pretend like you are someone you’re not and there’s a ton of that. Of course there are a lot of wildly successful people who provide amazing insights as well. So it’s a hard balance to figuring out what’s real and what’s not.

The fact that there is a parody account going after these purported grifters has been absolutely hilarious if this account is even half correct. There’s some bold claims like these influencers have effectively lost their LPs money and never worked at where they said they worked before.

The problem with fintwit influencers is that they have developed a bit of a cult following and often times will utilize their following to raise money. They are great marketing themselves and people start to worship them on the internet. Then they often capitalize on that base. If this account is right, I sure hope that the retail investors did not get shafted too bad. Maybe that’s wishful thinking.