The Twitter-24/7 Wall St. Market Report (9/13/2010)

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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 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.

CNN Money: HP makes yet another acquisition http://bit.ly/94FE7T

Reuters Biz: HP to buy ArcSight for $1.5 billion http://reut.rs/9736VA

Reuters Biz: BP sees oil spill claims below $20 billion: analysts http://reut.rs/9N24pX

NYTimes: More High-Level Changes in the Works at Nokia http://nyti.ms/cqjQqw

Yahoo! Finance: Car rental company Dollar Thifty accepts new $1.43B takeover offer from Hertz http://yhoo.it/at9wjl $$ $HTZ $DTG $CAR

DailyFinance: Hewlett-Packard Close to ArcSight Deal http://bit.ly/d7q2c0

Douglas A. McIntyre