Monday, November 18, 2013

#AskJPM and Other “Memes”

 
For those living in a bubble on campus, #AskJPM was a promotional hashtag launched by J. P. Morgan to provide college students an opportunity to communicate directly with a senior executive in early November 2013. However, upon its launch, the hashtag was immediately hijacked by Twitter users criticizing and mocking the company for its alleged unethical business practices. For example, on November 11th, Twitter users began asking humorous and critical questions using the #AskJMP hashtag such as “Is it true "JPM stands for "Just Pay More"? (and I’m being really kind in sharing the Tweets!). 
On November 13th, the @jpmorgan Twitter feed announced that the Q&A session had been cancelled and was a “bad idea.” In the first 48 hours, the Tweet received upwards of 1,400 retweets and 680 favorites.  Subsequently, Twitter users began using the #AskJPM hashtag with even more frequency. According to the Twitter analytics site Topsy, Tweets containing the #AskJPM hashtag peaked on November 13th with over 27,700 mentions!
Professor Kagan, can you puh-lease invite the J.P. Morgan Digital Marketing team to speak in class next semester – when discussing memes?! Dear god! For starters, a meme is "an idea, behavior, or style that spreads from person to person within a culture." Luckily, we covered “memes” in class recently so that I could immediately identify it. Following the Tweet, the “#AskJPM” hashtag was quickly adopted and evolved into a message and/or symbol carrying the present cultural idea that “banks are greedy and unethical.”  Going forward, #AskJPM will forever be a comical joke amongst those in banking and “in the know.”  For more Tweets and Instagrams from the time period, check out this website: http://www.oninstagram.com/askjpm.  Websites such as this will ensure that J.P. Morgan can never fully hide again from this decision – it’s a good thing that J.P. Morgan is no longer alive, nor with any plans to run for President of the United States!  Remember: There’s a reason that the S.E.C. forbids bankers' access to Facebook, Twitter, Instant Messaging and other forms of communication – it’s really not for the protection of the public – it’s for the protection of the bankers!  #usecatsdonotaskquestions
(Blog Class Week 7)
 
 

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