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
Yahoo! Finance: Delta: Japan crisis to cut revenue by up to $400Mhttp://yhoo.it/gf2KUz
WSJ: RIM to Launch PlayBook Tablet http://on.wsj.com/fHFj33
Reuters Biz: RIM’s Playbook to go on sale April 19 in N.Americahttp://dlvr.it/L5HJD
Yahoo! Finance: Oil above $102 in Asia as investors mull fate of Libyan crude exports amid allied attacks http://yhoo.it/eJCKoj
Yahoo! Finance: Apple sues Amazon.com over APP STORE trademarkhttp://yhoo.it/ifdJkd
Douglas A. McIntyre