[startupfounder]

Original Boston College Paper that this article is based on: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3182169

Conclusion:

"We also show that there is a positive and convex relationship between (log) market cap and (log) number of Twitter users, that nearly all ICO capital is raised by crypto-companies that continue to be active (on Twitter) after 120 days, and that daily Twitter intensity is associated with positive returns that day but negative returns in the future, suggesting overreaction and reversals. "

"It suggests that scams, while plentiful in number, are not as important in terms of stolen capital because investors are shrewd enough to spot (and underfund) them."