Twitter has, by most estimates, 225 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.
Yahoo! Finance: Oil falls below $95 after weak US jobs report http://yhoo.it/pJEJkQ
CNNMoney: Debt ceiling talks still aren’t going well with 3 weeks left. Will the rating agencies notice? http://bit.ly/n1yO2p
NYT: DealBook: Nestle to Buy Control of China’s Biggest Confectioner http://nyti.ms/qoBEgO
Zerohedge: Goldman puts Whole Foods on conviction buy list (previously Neutral)
NYT: BSkyB Bid Embroiled in Politics http://nyti.ms/qYwn8D
Yahoo! Finance: BSkyB shares slide over doubts on News Corp. bid http://yhoo.it/nEPyvZ
NYT: Peabody and Arcelor Seek Control of Macarthur Coal http://nyti.ms/n3Dhqx
Douglas A. McIntyre
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