Twitter  has, by most estimates, 145 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 tweets are a sign of which companies the Twitter universe is interested in. Together, these financial sites are followed by nearly 1,000,000 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.

NYT: Citigroup Reports $2.2 Billion Profit in Third Quarterhttp://nyti.ms/dpTyZW

CNN Money: Citigroup posts $2.2 billion profit http://bit.ly/d1INbJ

FT: US retailers to ride wave of China web sales: Walmart, the world’s largest retailer, is about to launch a website … http://bit.ly/99W9ID

Reuters Biz: Citigroup reports $2.2 billion profit http://dlvr.it/7B4SY

Reuters Biz: Fund orders for AIA IPO to close early on strong demandhttp://dlvr.it/79bgs

Zerohedge: Wells Fargo Prepares For Tsunami Of Loan Repurchase Demandshttp://bit.ly/bZfN55

Yahoo! Finance: ‘Jackass’ gang pull biggest stunt yet with $50M debut for 3-D sequel; ‘Red’ opens at $22.5Mhttp://yhoo.it/cOaG4d

Douglas A. McIntyre

 

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