Twitter  has, by most estimates, 175 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: BP, Borders, Fed minutes in Tuesday’s market spotlight http://on.mktw.net/g83caL

CNN Money: Bankruptcies top 1.5 million in 2010 http://bit.ly/gy9PEf

Reuters: China c.bank sees 2010 GDP growth at around 10 percenthttp://dlvr.it/Cdrms

Reuters: BP shares jump after Shell bid report http://dlvr.it/Cd6FM

WSJ: Oprah’s new cable network reported 1m+ viewers for its debut shows on New Year’s Day http://on.wsj.com/hKwsA2

Yahoo! Finance: Oil near 27-month peak http://yhoo.it/gUmhyR

 

Douglas A. McIntyre

 

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.