The Twitter-24/7 Wall St. Market Watch (7/30/2010): Facebook IPO, Disney Dumps Miramax

By Douglas A. McIntyre Published Jul 30, 7:43AM EDT

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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.

FT: Disney sells Miramax studio for $660m: Walt Disney Cohas sold film studio Miramax for more than $660m to Filmyard … http://bit.ly/9z38bq

MarketWatch: Japan’s June jobless rate hits 5.3%, CPI falls 1%, both worse than forecast http://on.mktw.net/9NElmk

WSJ: Trustee files three lawsuits seeking funds from Madoff family entities. http://wsj.com

CNN Money: Disney sells Miramax for $660 million http://bit.ly/cd82gy

Reuters Biz: Facebook may postpone IPO to 2012: report http://link.reuters.com/xec52n

Reuters Biz: China overtakes Japan as No.2 economy: FX chief http://link.reuters.com/mac52n

DailyFinance: China Overtakes Japan as World’s Second-Largest Economy http://bit.ly/cCGcaw

Yahoo! Finance: Facebook may postpone #IPO to 2012: report http://yhoo.it/cZZ5OD $$

Douglas A. McIntyre

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.