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
WSJ: Barnes & Noble Shares Soar As Ackman Lifts Sale Hopes http://bit.ly/fnJ1K5
CNN Money: Pfizer CEO leaves ‘extremely demanding’ job http://bit.ly/iinRx3
Reuters Biz: Kraft seeks court injunction in Starbucks spat http://dlvr.it/9qhgf
Reuters Biz: Kellogg CEO retires; COO to replace him http://dlvr.it/9qgVd
Reuters Biz: Moody’s cuts Hungary close to junk, warns of riskshttp://dlvr.it/9qK0Q
MarketWatch: Pfizer names Ian Read as chief executive officerhttp://on.mktw.net/dXKxLU
Yahoo! Finance: Facebook profile overhaul revamps personal pageshttp://yhoo.it/eeZrzJ
Douglas A. McIntyre
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