Video about YouTubers peddling stocks.
As you guys can see this summary list below this video is pretty dense with information, so I would highly recommend watching if you're interested in this topic.
- The amounts the creators are paid is very generous for ad campaigns. 10's of thousands at time 100's of thousand and even million plus dollars.
- Many of the channel are right wing alt media creators.
- Sources for data come from Securities law that requires disclosure for this type of work.
- Ad campaigns is ran indirectly though additional third party marketing company
- Majority of companies involved is resource plays
- A lot of them nano cap(16M median market cap). So have about the same market cap as a single McD locations.
- Canada once again punches well above it's weight with half the companies being based in Canada.
- 30/56 is located Vancouver and a lot of them is in the same address with the same directors and managers
- 34/56 didn't report sales in the past 12 months
- 30/56 had multi million dollar deficits.
- For many of these companies a large portions(~30%) of their expenses is marketing their stock
- Campaigns seems to be pretty effective at raising capital for these companies
- While some investors make a profit. 81% would have a average loss of -52.4%
- The middle man marketing companies has participated in trading of the stocks
Big thing is that the dev is very active and responsive to feedback. Which is really useful given Lemmy is in its developmental phase for the most part.
Unlike Sync which while good is largely abandoned thses days.