The Twitter-24/7 Wall St. Market Report (2/18/2011) China Rate Increase, Zynga IPO

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

WSJ: Ford to Begin Russian Venture http://on.wsj.com/hoNUZN

FT: Speculation grows of UK interest rate rise: Sterling advanced on Friday amid speculation that one more member of…

Zerohedge: Chinese Futile Inflationary Response Intensifies As PBOC Hikes RRR By 50 bps, Again http://is.gd/QIF3nY

The Economist: Egypt’s economic reconstruction will be just as difficult as its political rehabilitation http://ow.ly/3YVFp

NYT: China Raises Bank Reserves to Curb Lending http://nyti.ms/g61ZTn

Bloomberg: Apple Subscription Service Said to Draw U.S. Antitrust Regulator Scrutiny – http://ow.ly/3YVhH

Yahoo! Finance: Zynga Raising $500 Million at $10 Billion Valuationhttp://yhoo.it/eTUs96