The Twitter-24/7 Wall St. Market Report 11/23/2010 Spain Debt, JCrew M&A

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


CNN Money: Nation’s economy grew at 2.5% annual rate in the third quarter, faster than the 2% rate previously reported, government says. $$

Zerohedge: Spain Bund spread hits all time wide: 230 bps, up 22 on the day on horrible Spanish Bill auction

WSJ: Investors are close to a deal to buy J. Crew for about $3 billion

FT: News Corp buys education software company: Rupert Murdoch is making his first significant foray into school room…

Reuters Biz: EU urges feuding Ireland not to delay budget

Reuters Biz: News Corp to buy education tech company for $360 million

Reuters Biz: J.Crew near agreement to be acquired: source×79

MarketWatch: U.S. third-quarter GDP revised to 2.5% growth, slightly better than forecast

DailyFinance: Nissan Leaf Will Get Equivalent of 99 Miles Per Gallon

Douglas A. McIntyre

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