The Twitter-247 Wall Street Market Report (5/30/2011) Greek Bailout, Lockheed Martin Cyberattacks

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.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.

Reuters: EU racing to draft second Greek bailout: sources http://reut.rs/k2udHX

Reuters: S&P cuts Tepco rating to junk http://reut.rs/ka6lap

BBC: Cyber-attack hits Lockheed Martin http://bbc.in/l1NQsg

FT: Germany to scrap nuclear power by 2022: Germany will phase out the nuclear power plants that produce a quarte… http://on.ft.com/iPrZDF

NYT: Germany to Halt Nuclear Power Production by 2022 http://nyti.ms/lcVq25

Reuters: Australia warns on cyber attacks on resource firms http://reut.rs/j6NwrW

NYT: As PC Markets Slow, Nvidia Aims at Tablets http://nyti.ms/iKbWKp

Reuters: EU, IMF expected to judge Greece as protests swell http://reut.rs/ko8Z6H

Douglas A. McIntyre