Investing
The Twitter-24/7 Wall St. Market Report (12/29/2010) Allstate Suit, China Rare Earth
Published:
Twitter has, by most estimates, 175 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
Bloomberg: BP Investor Lawsuit to Be Led by New York, Ohio Pension Funds http://bit.ly/hUpagA $CAM $HAL $RIG $XOM
Reuters: China changes rare earth quota basis, cut by 35 percenthttp://reut.rs/fH4FYe
Reuters: Ohio and New York state pensions named plaintiffs in BP casehttp://reut.rs/eRmuLs
MarketWatch: Groupon files to raise up to $950 mln: reports http://bit.ly/hZqJ0T
Zerohedge: Allstate lawsuit vs BofA lists private address of Angelo Mozilo: 2816 Ladbrook Way, Thousand Oaks, CA 91361
Daily Finance: Commodities Surge as China Slashes Rare Earth Exportshttp://aol.it/h8AEDN
Daily Finance: iPhone 4 Tops eBay’s ‘Top Shopped’ List http://aol.it/hIBOR3
Douglas A. McIntyre
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