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 s
ee 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: Level 3 to pay $3 billion for Global Crossing in further telecom consolidation http://on.mktw.net/fq3hMO

Zerohedge: And It’s Not Even Summer: Gas Jumps 19 Cents In Two Weeks, Less Than 10% Below All Time High http://is.gd/XIk5qE

Reuters: Outlook for industrialized nations improving: OECD http://dlvr.it/N7D1l

Bloomberg: IMF Lowers Economic-Growth Forecasts for U.S., Japan, German Official Says – http://ow.ly/4xoz2

Yahoo! Finance: Apple to stay ahead in tablet boom: Gartner http://dlvr.it/N6hL0

Douglas A. McIntyre