The Twitter-24/7 Wall St. Market Report (6/13/2011) Apple Union, Arby’s Sale

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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.

CNN Money: Citigroup waited up to 3 weeks before notifying credit card customers their accounts had been hacked http://bit.ly/mnm9ry $C shares up 0.5%

WSJ: ENRC Rises on Glencore Report http://on.wsj.com/mx9D6M

FT: Maple goes hostile with TMX offer: Canadian consortium goes hostile with C$3.7bn bid for operator of Toronto … http://on.ft.com/mQjzI5

NYT: Maple Makes Hostile Bid for Toronto Exchange Owner http://nyti.ms/kNVlQc

NYT: Wendy’s Sells Arby’s to Private Equity Group http://nyti.ms/kxjdMZ

Yahoo! Finance: Apple store employee seeks to plant union seed http://yhoo.it/ktSSGb

Douglas A. McIntyre

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