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.
Reuters Biz: McDonald’s April same-restaurant sales rise 6 percent http://reut.rs/kiIB0d
Zerohedge: S&P downgrades Hellenic Republic to B; watch negative
MSNBC: Apple usurps Google as world’s top brand http://on.msnbc.com/iI1PIJ
WSJ: LinkedIn Sets IPO Price Range http://on.wsj.com/kezrOG
MSNBC: Home values see biggest drop since 2008 http://on.msnbc.com/j9Cz6I
FT: Greece needs revised bail-out: One year on from the €110bn ($158bn) Greek rescue plan, the country needs a r… http://on.ft.com/lrkkjb
Zerohedge: Greece Downgraded From BB- To B, Warns “Commercial Debt Rescheduling Typically Constitutes A Default” http://is.gd/4EQ6sb
MarketWatch: Apple overtakes Google as world’s most valuable brand: survey http://on.mktw.net/kNXIXR
Douglas A. McIntyre