The Twitter-24/7 Wall St. Market Report (11/12/2010) The Beast M&A, Airbus Trouble

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

Zerohedge: PIIGS CDS Hit All Time Wides http://bit.ly/98gV1y

CNN Money: G-20: We’ll avoid currency war http://bit.ly/byVJZY

CNN Money: Newsweek and The Daily Beast combine forces http://bit.ly/dsrdwR

CNN Money: Layoff rumors swirl around Yahoo http://bit.ly/b5u1PQ

Reuters Biz: D.R. Horton posts narrower loss http://dlvr.it/8QvF0

Reuters Biz: Rolls to fix A380 engine fault, take profit hit http://dlvr.it/8QNgw

Reuters Bz: Airbus says A380 scare could trim 2011 deliveries http://dlvr.it/8QK0l

DailyFinance: Newsweek and The Daily Beast Will Merge http://aol.it/cae87R

Douglas A. McIntyre