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

MarketWatch: Portugal’s government says parliament approved 2011 budget: report http://on.mktw.net/gspERV

NYT: Europe Shares Fall on Portugal Worry http://nyti.ms/iaR7HH

CNN Money: FDIC chief: ‘Urgent action’ needed on debthttp://bit.ly/hq5i1A

CNN Money: Black Friday 2010 starts with a bang http://bit.ly/gkvdHC

MarketWatch: Global stock selloff accelerates; U.S. retailers prepare for busiest shopping day of year http://on.mktw.net/fNxNXn

Yahoo! Finance: Ford Motor opens China dealerships, expanding reach into provincial cities http://yhoo.it/htuw1S

Douglas A. McIntyre