The Twitter-24/7 Wall St. Market Report (9/28/2010) Toys "R" Us Hires, Ireland Wilts

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.

MarketWatch: Cost of insuring Irish and other peripheral European sovereign debt against default rises http://on.mktw.net/aU8UPM

Reuters Biz: Women managers paid less than male counterparts http://dlvr.it/64077

Reuters Biz: Facebook IPO likely after late 2012: board member http://dlvr.it/63t9t

Reuters Biz: S&P warning deepens Irish political and fiscal crisis http://dlvr.it/63p6r

CNN Money: Toys ‘R’ Us holiday hiring: 45,000 http://bit.ly/93wmV4

Douglas A. McIntyre