Monday, May 23, 2011

Hypo Venture Capital Headlines: Forget in-depth financial analysis- Now even Wall Street is turning to Twitter for clues on the stock market

http://hypoventurecapital-financialideas.com/?p=34Twitter may have finally found a real way to make money.
For years, analysts have predicted that the real value of the social networking service doesn’t lie in serving advertising to users, but rather in serving up millions of points of real-time data to anyone who can wring useful intelligence out of it.
A new paper published by an Indiana University professor, combined with recent practices on Wall Street, suggest that Twitter may be a goldmine of valuable financial information.

Power to the people: A professor’s analysis of Tweets proved 87 per cent accurate in predicting stock prices

Data: Social services like Twitter may prove invaluable when it comes to real-time financial information

No comments:

Post a Comment