Twitter-24/7 Wall St. Market Report (8/16/2010): China Growth, Japan Shrinks

By Douglas A. McIntyre Published Aug 16, 8:17AM 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.

CNN Money: China marches towards world’s No. 2 economy http://bit.ly/c8R1zd

FT: Japanese economy slows unexpectedly: The strength of Japan’s economic recovery came under question as second-quart… http://bit.ly/bSWlwe

WSJ: Dell to buy data-storage firm 3PAR for $1.15b http://on.wsj.com/ciJTCp

WSJ: Apple’s new mobile-ad service runs into hurdles http://on.wsj.com/aUpNiG

Reuters Biz: Dell pays $1.15 billion for storage company 3PAR http://link.reuters.com/wuf35n

Reuters Biz: U.S. video viewing site Hulu plans an IPO: report http://link.reuters.com/byt25n

Yahoo! Finance: Analysts predict a difficult stock market for rest of year and even into 2011 http://yhoo.it/aJ6FqJ

DailyFinance: Lowe’s Earnings Miss Estimates http://bit.ly/9o3YFy

DailyFinance: Dell to Buy Storage Solution Company 3Par http://bit.ly/bPpKR6

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.