Twitter has, by most estimates, 225 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.
USA Today: PNC buys Royal Bank of Canada US banks for $3.45B http://usat.ly/kdMaSX
Yahoo! Finance: PNC buys Royal Bank of Canada US banks for $3.45B http://yhoo.it/mOg0Rk
WSJ: Airbus: A350 Plan ‘Challenging’ http://on.wsj.com/mTR75F
Reuters Biz: Penney CEO Ullman to leave company in 2012 http://reut.rs/iocaku
WSJ: Moody’s Cuts Tepco to Junk http://on.wsj.com/jXhF0b
Douglas A. McIntyre