The Twitter-24/7 Wall St. Market Report (10/22/2010) Verizon Earns, AIA IPO

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.

MarketWatch: AIG shares rise after AIA unit prices IPO

CNN Money: Baidu profit doubles as sales soar http://bit.ly/aYEbhf

Reuters Biz: Verizon profit falls on pension chargehttp://dlvr.it/7NTRq

Yahoo! Finance: Intel Ups the Ante With Bets on Social Gaming http://yhoo.it/cwkbf9

DailyFinance: Verizon Earnings Drop 24% in Third Quarter http://bit.ly/bIAwHT

DailyFinance: Companies Torn Between Price Hikes and Frugal Consumershttp://bit.ly/azsSTr

Douglas A. McIntyre