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.
Reuters Biz: Stock index futures signal small rebound http://dlvr.it/7GwTM
Reuters Biz: Regulators to recommend abolishing mandatory ratings http://dlvr.it/7H0Wd
Financialtimes: Yahoo profit doubles on firm ad sales: Yahoo’s profit more than doubled in the third quarter on stronger margins a… http://bit.ly/ciRRTR
Marketwatch: Boeing raises 2010 profit forecast, citing stronger outlook for commercial airplanes http://on.mktw.net/afFgfa
Marketwatch: Stocks in Europe decline as global markets continue to react to China’s interest-rate hike http://on.mktw.net/aYQKYr
Marketwatch: Japan stocks sharply lower after U.S. losses, with banks weak; Nikkei Average down 1.8% http://on.mktw.net/ag1HnO
WSJ: U.S. graduation rates are stagnating, with 25-34yos no better educated than baby boomers, report says http://on.wsj.com/bjBBiC
Daily_Finance: FBI Looking into Foreclosure Crisis: Report http://bit.ly/cKnX3U
Daily_Finance: Hewlett-Packard Unveils Palm Pre 2 http://bit.ly/d7psMQ
Ashley C. Allen
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