Twitter has, by most estimates, 145 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 tweets are a sign of which companies the Twitter universe is interested in. Together, these financial sites are followed by nearly 1,000,000 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
Reuters Biz: McDonald’s October sales rise 6.5 percent http://dlvr.it/8CMdv
Reuters Biz: Chrysler reports net loss, boosts 2010 outlook http://dlvr.it/8CG0J
Reuters Biz: Obama fires back after China slates Fed’s QE2 http://dlvr.it/8BrRD
MarketWatch: Yahoo up 2% on reported talks over AOL alliancehttp://on.mktw.net/9zHAKE
DailyFinance; RockMelt: A New Browser with a Social Network Benthttp://aol.it/bQjBuP
Douglas A. McIntyre