The Twitter-24/7 Wall St. Market Report (7/29/2010)–Exxon Earnings, Kindle Price Cut

By Douglas A. McIntyre Published Jul 29, 8:25AM EDT

Twitter has, by most estimates, 100 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 tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 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: Exxon Mobil nearly doubles second-quarter net; revenue hits $92.5 billion on higher output http://on.mktw.net/araOgP

CNN Money: Exxon Mobil profit soars 85% year-over-year in the second quarter to $7.56 billion; revenue rises to $92.5 billion. $$

FT: Amazon rolls out new e-reader: Amazon is aiming to take digital reading into the mainstream as it rolls out a new … http://bit.ly/aXjVDa

WSJ: Amazon will start selling a WiFi-only Kindle for $139 tomorrow in a bid to go “mass market” http://on.wsj.com/cxtznM

WSJ: Apple is investigating complaints that its latest mobile operating system causes problems on the iPhone 3G http://on.wsj.com/acobs8

Yahoo! Finance: #Report: Most large US metro areas saw spike in foreclosure warnings between January-June http://yhoo.it/bwIdkO

Yahoo! Finance: Amazon CEO hopes new #Kindles, including a model costing $139, stoke desire for its e-readers http://yhoo.it/9mfviD $$

DailyFinance: RealtyTrac: Foreclosure Activity Up in 75% of Metropolitan Areas http://bit.ly/b3SNhp

DailyFinance: Amazon Introduces New ‘Mass-Market’ Kindle at $139 http://bit.ly/aBILwF

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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Douglas A. McIntyre | Oct 28, 2010 at 8:47 AM EDT

The Twitter-24/7 Wall St. Market Report (10/28/2010)

Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world.…

Douglas A. McIntyre | Aug 26, 2010 at 8:43 AM EDT