The Twitter-24/7 Wall St. Market Watch (8/10/2010) China Trade, Ellison Ravages BP Board

By Douglas A. McIntyre Published Aug 10, 8:22AM 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.

NYT: Saudis Back Away From Threat to Shut Down Blackberry http://nyti.ms/beG3DB

Business Insider: The Oil Price Surge Indicator Says There’s A 100% Chance Of A New Recession http://read.bi/cf4ADd

CNN Money: Census Bureau returns $1.6 billion of its operational budget http://bit.ly/9ULIjA

FT: China trade surplus widens further: The jump in July, the highest in 18 months, raises new questions about whether… http://bit.ly

CNN Money: Census Bureau returns $1.6 billion of its operational budget http://bit.ly/9ULIjA

Reuters Biz: China trade surplus soars as domestic demand flags http://link.reuters.com/dys24n

Reuters Biz: Fed ponders more easing as economy stumbles http://link.reuters.com/dyn24n

MarketWatch: China’s July exports rise 38.1% vs. year-earlier period, beating forecasts http://on.mktw.net/bS90ZT

WSJ: China’s trade surplus widened to a much higher-than-expected $28.7b in July (economists expected $19.6b) http://on.wsj.com

Yahoo! Finance: Oil falls to near $80 ahead of Fed meeting http://yhoo.it/8XV2za

Daily Finance: Saudis Give BlackBerry a Stay of Execution http://bit.ly/bbLaCy

Daily Finance: Billionaire Larry Ellison Blasts HP Board for Mark Hurd’s Ouster http://bit.ly/d0INzY

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.