The Twitter-24/7 Wall St. Market Report (9/10/2010) Facebook And Dubai Win

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.

TIME: Americans spend more time on Facebook than on Google | http://su.pr/2E18nx

FT: Deutsche Bank’s €9bn cash call hits shares: Banks in Germany drag European equity indices lower after Deutsche Ban… http://bit.ly/bpf3sJ

CNN Money: Nokia stock gains on CEO switch http://bit.ly/aRqcZu

Reuters Biz: China’s imports leap, cutting trade surplus http://reut.rs/aiFujv

Reuters Biz: Dubai World in formal debt deal for $24.9 billion http://reut.rs

Reuters Biz: Deutsche Bank fires first shot in rush for capital http://reut.rs/cBt7zT

Douglas A. McIntyre