The Twitter-24/7 Wall St. Market Report (2/9/2011) AIG $4.1 Billion, GM Bonus

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

Yahoo! Finance: $GM may unveil profit sharing plan next week: reporthttp://yhoo.it/h5vXci

Yahoo! Finance: SEC to wean markets off credit ratings http://yhoo.it/ffcjUd

Yahoo! Finance: Foreclosures ramp up as 30% of mortgages are underwater

NYTimes Dealbook: A.I.G. to Take $4.1 Billion Charge http://nyti.ms/giqZzI

MarketWatch: Coca-Cola posts higher quarterly profit as revenue tops $10 billion

FT: Boeing to Deliver Dreamliner to Air India by December

Reuters_Biz Reuters Business AIG to take $4.1 billion fourth-quarter charge http://dlvr.it/G8lk2

Douglas A. McIntyre