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.

FT: Ford profit surges 22% in first quarter: Ford Motor reported first-quarter earnings of $2.55bn, its highest p… http://on.ft.com/ecYneD

BBC: Greek deficit worse than thought http://bbc.in/eHv07n

MSNBC: States face growing pension gaps http://on.msnbc.com/eOPNXM

Yahoo! Finance: Coca-Cola profit falls slightly short http://yhoo.it/fdndi7 $KO

USA Today: Ford posts best quarterly performance since ’98 with $2.6B profit http://usat.ly/e7ZB2X

Reuters: Spanish borrowing costs jump; Greek debt shunned http://reut.rs/fLlqU0

BBC: Ford sees best profit in 13 years http://bbc.in/gaBZy3

FT: Sony launches tablets to rival iPad: Japanese electronics group previews a 9-inch and 5-inch device available… http://on.ft.com/dJuRF7

Douglas A. McIntyre

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