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

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...

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Veröffentlicht in:New media & society 2017-06, Vol.19 (6), p.843-860
1. Verfasser: Bourne, Clea D
Format: Artikel
Sprache:eng
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Zusammenfassung: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’.
ISSN:1461-4448
1461-7315
DOI:10.1177/1461444815621511