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Goldsmiths - University of London

Sensemaking in an online community after financial loss: Enterprising Jamaican investors and the fall of a financial messiah

Bourne, Clea D.. 2017. Sensemaking in an online community after financial loss: Enterprising Jamaican investors and the fall of a financial messiah. New Media & Society, 19(6), pp. 843-860. ISSN 1461-4448 [Article]

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Abstract or Description

Online communities are popular sites for collective sensemaking. This study explores sensemaking in one such community following the closure of Olint Corp, a highly successful Jamaican investment club. After Olint’s disbanding, Jamaicans reconnected through online communities to make sense of their financial losses, to make sense of Olint – seen variously as an altruistic endeavour, a global currency trader, or Ponzi scheme – and to make sense of themselves as enterprising investors. This narrative
inquiry unveils their rich, multi-voiced, fragmented storying of Olint and its founder, once praised as a ‘financial messiah’.

Item Type: Article

Identification Number (DOI):

https://doi.org/10.1177/1461444815621511

Keywords:

Enterprising investors, Jamaica, narrative, online communities, Ponzi schemes, sensemaking, speculation

Departments, Centres and Research Units:

Media and Communications

Dates:

DateEvent
1 June 2017Published
22 December 2015Published Online

Item ID:

16114

Date Deposited:

04 Jan 2016 08:17

Last Modified:

14 Jul 2017 10:33

URI: http://research.gold.ac.uk/id/eprint/16114

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