The Twitter-24/7 Wall St. Market Report 10/12/2010 Pfizer M&A, GAP Logo

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.

WSJ: Who Is Getting a Windfall From Pfizer-King Pharmaceuticals? http://bit.ly/bwTuc4

CNN Money: Attention Walmart shoppers: It’s going to be an iPad Christmas http://bit.ly/aAaQE2 $AAPL

CNN Money: Google to help build East Coast wind farm http://bit.ly/aW49ZZ

CNN Money: Gap reverts to classic logo after outcry http://bit.ly/bdpbkw

MarketWatch: Pfizer to acquire King Pharmaceuticals for $3.6 billion cash, at a premium of about 40% http://on.mktw.net/9xhwgo

Reuters Biz: Economists cut U.S. growth forecast after weak summer data http://dlvr.it/6vL2S

Douglas A. McIntyre