The Twitter-24/7 Wall St. Market Watch (8/3/2010): Amazon Trouble, P&G And Pfizer Earn

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By Douglas A. McIntyre Published
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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.

CNN Money: Personal income and spending unchanged in June; government says, weaker than economists’ forecasts. $$

MarketWatch: U.S. personal incomes unchanged in June; consumer spending edges upward http://on.mktw.net/bSQduu

Reuters Biz: Geithner: unemployment could rise http://link.reuters.com/hut92n

Reuters Biz: Pfizer posts higher-than-expected profit and sales http://link.reuters.com/dut92n

Reuters Biz: P&G posts lower-than-expected profit http://link.reuters.com/gut92n

WSJ: Have Amazon and Apple’s agreements with book publishers led to anticompetitive e-book prices? Inquiry: http://on.wsj.com/cmRUoF

FT: US challenges motives for BlackBerry plan: Washington says the decision of the United Arab Emirates to suspend the… http://bit.ly/cznxEe

FT: E-book pricing under scrutiny: Attorney-general’s office in the US state of Connecticut cites competition concerns… http://bit.ly/9F7qZ3

Yahoo! Finance: Up 10 Percent in 15 Days – Is The Bear Market Over? http://yhoo.it/cboWax $$ #yfinance #stocks

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author 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.

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