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.
Yahoo! Finance: Greece to complete bailout talks by Thursday: paper http://ow.ly/57sBZ
Yahoo! Finance: Private sector adds 38,000 #jobs in May http://yhoo.it/mjwB1i
MarketWatch: Ten-year note’s yield touches 3% level following ADP private-payrolls report http://on.mktw.net/mRH2eR
NYT: Chinese Manufacturing Index Falls to 9-Month Low in May http://nyti.ms/lNQbsE
Zerohedge: Horrible Economic Data Continues: ADP Plunges To 38K On Expectations OF 175K; Downward NFP Revisions Next http://is.gd/qcfFtA
WSJ: Breaking: U.S. private sector added 38,000 jobs in May, according to ADP. Expectations were for a gain of 190,000. http://wsj.com
Douglas A. McIntyre
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