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.
CNN Money: Number of people filing for first-time unemployment benefits jumps by 27,000 to 412,000 in the latest week, the government says.
MarketWatch: Weekly first-time U.S. jobless claims jump to 412,000 http://on.mktw.net/faCthE
NYT: BP and Rosneft Agree to Extend Deadline for Deal http://nyti.ms/g5HZk1
Yahoo! Finance: China FX reserves soar past $3 trillion, add to inflation http://yhoo.it/h2yZyt
Zerohedge: According to government sources, most Eurozone states see Greek debt restructuring, and Greek debt restructuring could come in 2012
Reuters Biz: Euro zone hit by Greek restructuring worry http://dlvr.it/NTRKG
Reuters Biz: Credit raters triggered financial crisis: panel http://dlvr.it/NTRKK
NYT: BP and Rosneft Extend Deal Deadline http://nyti.ms/i7Bjav
Douglas A. McIntyre