The Twitter-24/7 Wall St. Market Report (3/21/2011) Schwab M&A, Citi Dividend

Investing

Published: March 21, 2011 9:38 am

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.

NYT: T-Mobile Sale May Close Tough Chapter for Deutsche Telekom http://nyti.ms/gHkqMI

WSJ: Schwab to Buy OptionsXpress http://on.wsj.com/i3p1oB

Reuters: Schwab to buy optionsXpress in $1 billion deal http://dlvr.it/L0FxR

FT: Citi plans reverse stock-split: Citigroup will reinstate its quarterly dividend and is planning a reverse sto… http://on.ft.com/fEVxfV

Yahoo! Finance: Charles Schwab acquires online brokerage services provide OptionsXpress for $1 billion http://yhoo.it/eWlcuS

Douglas A. McIntyre

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