Can Tweets and Status Updates Really Predict Stock Market Moves?

Date: Nov 02 2012

Filed under: Investing, Market News

Consider this scenario: Facebook NasdaqA company goes public. It receives a flood of attention on Facebook and Twitter in the days leading up to its IPO. After the social media blitz, its stock fizzles, and a little later, a study emerges showing that — coincidence? — most of those posts and tweets had been negative.

Failed companies are nothing new to the stock market. What is new, however, is social media — a platform where general public opinion, positive or negative, is available for all to read.

Can Tweets and Status Updates Really Predict Stock Market Moves? originally appeared on DailyFinance.com on 2012-11-01T14:13:00Z.

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