Retail

The Twitter-24/7 Wall St. Market Report (8/26/2010) Dell Ups Offer, Jobless Claims

Twitter has, by most estimates, 100 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…

By Douglas A. McIntyre
Published August 26, 2010, 8:43am ET · 1 min read

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Twitter has, by most estimates, 100 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, Yahoo! Finance, and DailyFinance

MarketWatch: New Dell bid for storage company 3Par tops H-P’s counterbid http://on.mktw.net/bMOD0i

CNN Money: Number of people filing for initial jobless benefits fell to 473,000 last week; down 31,000 from previous week. $$

MarketWatch: U.S. weekly jobless-benefits claims fall 31,000 to 473,000 http://on.mktw.net/czBdCP

FT: Google to compete with Skype http://bit.ly/a6cPHF

WSJ: Dell raised its offer for 3PAR to $24.30 a share, topping H-P’s $24. http://on.wsj.com/a2ZHa5

Yahoo! Finance: Jobless claims; Recent rises in unemployment claims signal worsening job market, slowing economy http://yhoo.it/c4OCYM

DailyFinance: Amazon Brags About New Kindle Sales Without Revealing Numbers http://bit.ly/cXPJgN

Douglas A. McIntyre

Contact [email protected] for any questions or corrections.

*$149 for two years (or $1.43 per week) is an introductory promotion for new members only. 62% discount based on the current list price of Stock Advisor of $199/year. Membership will renew at the then-current list price at the end of the membership term.

Stock Advisor returns are 930% as compared to the S&P 500 returns of 185% as of April 7, 2026.

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.

All articles →