The Twitter-24/7 Wall St. Market Watch (7/30/2010): Facebook IPO, Disney Dumps Miramax

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.

FT: Disney sells Miramax studio for $660m: Walt Disney Cohas sold film studio Miramax for more than $660m to Filmyard … http://bit.ly/9z38bq

MarketWatch: Japan’s June jobless rate hits 5.3%, CPI falls 1%, both worse than forecast http://on.mktw.net/9NElmk

WSJ: Trustee files three lawsuits seeking funds from Madoff family entities. http://wsj.com

CNN Money: Disney sells Miramax for $660 million http://bit.ly/cd82gy

Reuters Biz: Facebook may postpone IPO to 2012: report http://link.reuters.com/xec52n

Reuters Biz: China overtakes Japan as No.2 economy: FX chief http://link.reuters.com/mac52n

DailyFinance: China Overtakes Japan as World’s Second-Largest Economy http://bit.ly/cCGcaw

Yahoo! Finance: Facebook may postpone #IPO to 2012: report http://yhoo.it/cZZ5OD $$

Douglas A. McIntyre