Twitter has, by most estimates, 145 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 tweets are a sign of which companies the Twitter universe is interested in. Together, these financial sites are followed by nearly 1,000,000 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.
MarketWatch: U.S. private-sector employment up in October: ADPhttp://on.mktw.net/crLQlK
CNN Money: Private sector jobs grow by 43,000 in October, rebounding from a modest decline in the prior month, payroll processor ADP says. $$
CNN Money: Planned job cuts edge higher in October http://bit.ly/cSQZC9
FT: Obama 2012 election prospects dim: It was a disastrous night for the Democratic Party across America – the worst s… http://bit.ly/bto3iu
Reuters Biz: Private sector adds 43,000 jobs in October: report http://dlvr.it/7yMNF
Reuters Biz: Freddie Mac says net loss $4.1 billion http://dlvr.it/7yMN9
Douglas A. McIntyre
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