The Twitter-24/7 Wall St. Market Report (4/6/2011) Blockbuster Sale, Portugal Debt Sale

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: Fed’s Lockhart-not expecting rate hike by year-end http://dlvr.it/MdvrB

USA Today: Toyota sells its millionth Prius hybrid in the U.S.http://usat.ly/edwblG

FT: Dish Network to buy Blockbuster for $320m: Dish Network, the satellite television provider, will acquire bank…http://on.ft.com/fKr2bI

NYT: Portugal Sells Debt but at a Much Higher Ratehttp://nyti.ms/i2jdt2

MSNBC: Dish Network wins auction for Blockbusterhttp://on.msnbc.com/fsQOcG

NYT: DealBook: Dish Network Wins Blockbuster Auction http://nyti.ms/dVE06g

Reuters: Portugal pays high yield to sell short-term debthttp://dlvr.it/MdfzB

Douglas A. McIntyre