Twitter has, by most estimates, 175 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
FT: Latest fundraising values Twitter at $3.7bn: Twitter’s latest fundraising has valued the company at $3.7bn, up s…http://bit.ly/e48OpM
FT: BP sued in $21bn US Gulf spill action: Eric Holder, US attorney-general: ‘We intend to prove these defendants ar…http://bit.ly/dFkwcp
MarketWatch: Jobless claims fall 3000 to 420000 – MarketWatch http://bit.ly/hePDdp
MarketWatch: FedEx profit falls 18% on higher costs – MarketWatchhttp://bit.ly/hdczTG
CNN Money: Housing starts fell 5.8% to 555,000 annual rate in November; building permits decline 14.7% to 530,000 annual rate, government says. $$
CNN Money: Number of people filing for initial unemployment benefits fell 3,000 to 420,000 in the latest week, the government says. $$
CNN Money: Record plunge in foreclosures, thanks to robo-signershttp://bit.ly/hwogD9
Reuters: YouTube wants Web show maker Next New Networks: reporthttp://reut.rs/hAA6zC
DailyFinance: Jobless Claims Fall 3,000 to 420,000http://aol.it/dIc5li
DailyFinance: FedEx Earnings Miss Wall Street Estimates, Raises Outlookhttp://aol.it/eFQjaT
Douglas A. McIntyre
