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
The Economist: Spain/Italy bonds hammered; India economy grows strongly; German unemployment falls; EU investigates Googlehttp://ow.ly/3hp97
FT: European company borrowing costs rise: European bank and corporate borrowing costs have risen as the eurozone de…http://bit.ly/gBFk1Q
MarketWatch: Health-care giant Merck names Kenneth Frazier as new chief executive officer http://on.mktw.net/ePoO2y
MarketWatch: Spanish and Italian government-bond yields soar as Europe’s debt crisis intensifies http://on.mktw.net/f0L5fA
NYT: E.U. Launches Formal Antitrust Investigation Into Google
Reuters Biz: Euro periphery hammered, Portugal warns on bankshttp://dlvr.it/9RknK
Reuters Biz: Google nears deal to buy Groupon: report http://dlvr.it/9R4mt
DailyFinance: Microsoft Sells More Than 25 Million Kinect Units in 25 Dayshttp://aol.it/e9U9nJ
DailyFinance: TARP Costs Fall to $25 Billion, CBO Says http://aol.it/ijQANL
Yahoo! Finance: EU launches antitrust probe into Google searcheshttp://yhoo.it/hU7PsQ
Yahoo! Finance: Google nears deal to buy Groupon: report http://yhoo.it/egylFG
Douglas A. McIntyre
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