The Twitter-24/7 Wall St. Market Report 9/23/2010 Jobless Claims, Blockbuster

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.

FT: Blockbuster files for bankruptcy: The lossmaking film and games rental chain filed for bankruptcy on Thursday as p… http://bit.ly/cA15JN

FT: PotashCorp files to halt BHP bid: PotashCorp has stepped up its defence against a $39bn hostile bid from BHP Bill… http://bit.ly/bqCyOb

Reuters Biz: Jobless claims unexpectedly rise last week http://dlvr.it/5n0XL

Reuters Biz: Blockbuster files for Chapter 11 bankruptcy http://dlvr.it/5mfR3

Douglas A. McIntyre