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, 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 tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 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.

Among the most tweeted stocks on StockTwits are Tesla Motors Inc. (NASDAQ: TSLA), BP plc (NYSE: BP), Dendreon Corp (NASDAQ: DNDN), Netflix, Inc (NASDAQ: NFLX), and Amazon.com Inc (NASDAQ: AMZN).WSJ: Toyota says 270,000 vehicles globally, including luxury Lexus sedans, have faulty engines.http://wsj.com

WSJ: Microsoft kills Kin mobile phone less than two months after launch.http://wsj.com

FT: BP seeks to raise more funds http://bit.ly/aUyZWK

MarketWatch: Microsoft scrapping its Kin mobile phones after less than two months of sales http://on.mktw.net/biwUs8

Reuters Biz: Chinese economy cools as tightening biteshttp://link.reuters.com/sys25m

Reuters Biz: Microsoft pulls plug on Kin phones http://link.reuters.com/xym25

Yahoo! Finance: Toyota says 270,000 vehicles have faulty engines worldwide; reports say autos to be recalled http://yhoo.it/dA5mZz

Yahoo! Finance: 1.3 million unemployed won’t get benefits restored after Senate fails to overcome filibuster http://yhoo.it/au1h6a

Douglas A. McIntyre

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