Monday, June 30, 2008

Is Twitter an investor's new best friend?

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Lately, I've noticed people are posting their customer wins in Twitter. I, for one, I'm guilty of this crime. I won't say customer names, of course, to protect their privacy, but I would say something like:

Lotus Connections just beat Sharepoint at a customer in the southeast of the U.S.A.

And lately, I have seen a lot of similar comments! With comments like this, I can't help but wonder if investors are using this information to help predict what a stock is going to do in a quarterly basis. For example, they can go to Summize and enter a pretty simple query to figure out if IBM is going to have a good quarter. Here's another example comment:

Based on what I see about what's being posted for Lotus, looks like it's going to be a good Q2. Perhaps somebody is already working on a mashup to leverage Twitter data to predict the direction of certain stocks ? If not, since Twitter is strapped for cash, perhaps that's one way for Twitter to make money -- based on the data entered freely by users, they could "sell" market predictions to investors.... !!!

What do you think? If Twitter does this, would that be a turn off for users ?

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