The Twitter-24/7 Wall St. Market Report (7/1/2011) Strauss-Kahn Case, Twitter Investigation

Twitter  has, by most estimates, 225 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

NYT: Strauss-Kahn Case Nears Collapse http://nyti.ms/kvJVxF

Bloomberg: Greece to receive as much as $124 billion in new aid | http://bloom.bg/jg8M7J

MSNBC: China may be next victim of a debt crisis http://on.msnbc.com/li1TWr

CNN Money: FTC launches Twitter investigation on company’s interactions w/ outside developers who build around its platform http://bit.ly/knfNTJ #tech

NYT: Apple and Microsoft Beat Google for Nortel Patents http://nyti.ms/jY1rjp

NYT: Eurozone Delays Decision on New Greek Bailout http://nyti.ms/j3dKu7

Douglas A. McIntyre