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The Twitter-24/7 Wall St. Market Report (11/30/2010) Panic In Europe, Groupon Buyout

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By Douglas A. McIntyre Updated Published
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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

The Economist: Spain/Italy bonds hammered; India economy grows strongly; German unemployment falls; EU investigates Googlehttp://ow.ly/3hp97

FT: European company borrowing costs rise: European bank and corporate borrowing costs have risen as the eurozone de…http://bit.ly/gBFk1Q

MarketWatch: Health-care giant Merck names Kenneth Frazier as new chief executive officer http://on.mktw.net/ePoO2y

MarketWatch: Spanish and Italian government-bond yields soar as Europe’s debt crisis intensifies http://on.mktw.net/f0L5fA

NYT: E.U. Launches Formal Antitrust Investigation Into Google

Reuters Biz: Euro periphery hammered, Portugal warns on bankshttp://dlvr.it/9RknK

Reuters Biz: Google nears deal to buy Groupon: report http://dlvr.it/9R4mt

DailyFinance: Microsoft Sells More Than 25 Million Kinect Units in 25 Dayshttp://aol.it/e9U9nJ

DailyFinance: TARP Costs Fall to $25 Billion, CBO Says http://aol.it/ijQANL

Yahoo! Finance: EU launches antitrust probe into Google searcheshttp://yhoo.it/hU7PsQ

Yahoo! Finance: Google nears deal to buy Groupon: report http://yhoo.it/egylFG

Douglas A. McIntyre

Photo of 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.

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