After Reddit’s GameStop Episode, Has Social Media Gone Too Far?

After Reddit’s GameStop Episode, Has Social Media Gone Too Far?

ONCE UPON A time, social media was simply an exciting medium that connected one person to another — even on opposite ends of the globe. It was an innovative tool that helped bridge conversations and thus relationships, connecting people and allowing friendship circles to grow exponentially in no time at all. Fast forward to now, and it's mind-boggling what the term encompasses.

In a sense, "social media" has been around for ages, if you consider the invention of the telegraph, the telephone and, then, primitive versions of emails and chatrooms in the late 20th century. But what I'm really talking about when I refer to social media, is the tremendous number of social networking sites that rules our world today. And although most people can't imagine life without them, it's tough to deny that they are also upending our lives in a fanatical way.


I remember those days when my biggest beef with social media was that it disrupted my family time. Arguments ensue because kids have their faces in the social media vortex while I was starving for their attention. And although those dinner table debates still take place about the overuse of social media, the world has drastically transposed as a result of the leading platforms.

The latest sign is the unexpected insanity that has recently gone down with GameStop. For those of you that live in a cave and haven't heard, Wall Street investors have lost billions of dollars and were taken to the cleaners by social media "couch potato" or amateur retail investors, as they have been referred to. Reddit, the open-forum website, has taken on our country's financial industry. And although I'm not arguing for or against this site — truth be told, my own daughter quadrupled her own investment because of it — I'm just acknowledging the changes that are taking place in our world because of it. It's astounding.

We already have witnessed, on another level, how Twitter has changed the world of news and politics. Former President Trump was certainly not the first to rely on it for political statements, but he used it to attain new heights of communication with his followers throughout his term. And look at how Instagram has changed the world of beauty and fashion, or how YouTube or TikTok has changed the world of entertainment, making mega-stars out of 14-year-olds who have a cool new dance move they were practicing in their bedroom between homework assignments.

Social media has absolutely changed the world. It helps us find partners, jobs, news, politics and a voice. Think about how many social media sites there are that rule our society with an astronomical number of users. I haven't even mentioned Facebook, which has 2.8 billion users worldwide, according to a digital trend report by Statista. That's something like 1 out of 3 people in the world! And in rich countries, we know that almost all young people use social media in some form or another.

It's astonishing how quickly social behaviors can change. Something that is part of one third of the world's population was unfathomable just one generation ago — when I was young(er). Is it exciting? Or is it frightening? Or is it both?

Social media opens doors to information and connects us to people and opportunities. Like with everything in life, balance is key. Relying completely on anything can be unhealthy for our wellbeing. But using it to enhance our life can allow us to flourish.

Social media is not going away. In fact new platforms are popping up regularly as time passes. And as much as it drove me crazy raising young kids, I've come to terms with the positive power it has on the current generation and those to come. I believe that the positive impacts far outweigh the negatives on society. And although it would take weeks to compile research on such a statement, I'm just acknowledging that it might be time for critics of my generation to round the corner, push for balance in the social media world, and accept it for all its positive effects.

People + Places
Thrive & Inspire: ‘Results for Clients’ in Oil and Gas Drives Michelman & Robinson’s Varnado

Lauren Varnado, Houston Office Managing Partner at Michelman & Robinson, LLP and sought-after oil and gas lawyer

WHAT WAS THE highlight of 2022 at your business? That’s easy, launching Michelman & Robinson in Houston was, for me, the absolute high point of 2022 — and that’s in a year that included so many highlights. Without question, being named the firm’s Houston Office Managing Partner is and was a professional milestone that I’m so very proud of. That I’ve already been able to expand the office to 10 of us (and growing) and significantly move the needle in terms of the firm’s reach within the energy space is icing on the cake.

Keep Reading Show less

HEAR YE, HEAR ye! The Texas Renaissance Festival has announced its plans for its 50th anniversary season, which opens on Oct. 12 and is preceded by a series of exciting events of magic and merriment.

Keep Reading Show less
Art + Entertainment

Boozy slushees and the double smashburger, exclusive to Loro's new Kirby location

JUST IN TIME for patio season, a brother location to Houston’s original Loro Heights from Hai Hospitality and Franklin BBQ will bow Sept. 28. Loro is an approachable concept in the Hai Hospitality family that is also home to the award-winning restaurants Uchi, Uchiko, Uchibā and Oheya.

Keep Reading Show less
Food