Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.
24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.
MarketWatch: BP exploration chief Inglis to leave as CEO Dudley launches management shake-up http://on.mktw.net/b5Z3kU
Reuters Biz: U.S. aims to unveil plan to end AIG support: report http://dlvr.it/67ZMx
Reuters Biz: BP planning management reshuffle in days: report http://dlvr.it/67PpG
Reuters Biz: Sanofi weighs higher Genzyme offer: report http://dlvr.it/675dn
Reuters Biz: House set to approve bill aimed at China yuan http://dlvr.it/66xSl
CNN Money: Treasury nears plan to exit AIG http://bit.ly/9Lcz4a
DailyFinance: Nintendo to Launch 3-D Game Device http://bit.ly/brACcv
Douglas A. McIntyre