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
Reuters: Fourth-quarter growth revised up to 3.1 percenthttp://dlvr.it/LQMJt
NYT: BP Seeks to Salvage Russia Deal After Tribunal Ruling http://nyti.ms/fErsld
WSJ: Fed Weighs Auction for AIG Bondshttp://on.wsj.com/ePke0y
Reuters: Oracle jumps as outlook points to market share gainshttp://dlvr.it/LQH3j
Reuters: Brent crude oil nears $116 http://dlvr.it/LQH3V
MSNBC: U.S. economic growth picked up speedhttp://on.msnbc.com/gZL4Kz
CNN Money: Fourth-quarter gross domestic product revised to 3.1% growth rate, up from 2.8%, the government says. $$
Zerohedge: Final GDP revision +3.1% from 2.8%
Douglas A. McIntyre
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