Investors looking to predict how the stock market will move have produced countless beat-the-market strategies over the centuries. The latest is a theory that suggests tweets and status updates can be used to foresee a company's fluctuations on Wall Street. Crazy ... but could it work?
In a move to give itself more of a voice in an online conversation in which it largely gets lambasted, investment banking giant Goldman Sachs joined Twitter Thursday.
Twitter co-founder Biz Stone has rejected the IPO rumors and widely reported notion that the popular microblogging site is in talks to sell a 10% stake to JPMorgan Chase for $450 million -- which would have jacked up the site's valuation to $4.5 billion.
Google has teamed up with its newly acquired social-media-voice company, SayNow, and social network Twitter to set up a new service this weekend that enables Egyptians to tweet via voicemail, bypassing the country's Internet shutdown.
In its latest attempt to get users to spend more time on its website, Yahoo has overhauled its free email service with new features that debut Wednesday. Email will be twice as fast, with easier picture and video viewing and the ability to "tweet" directly from Yahoo email to Twitter.
Twitter made changes to keep the site stable during the World Cup onslaught and the odd California earthquake, which "caused inadvertent downtime as a result of. . .attempts to make changes." Is this a harbinger of future problems?
Several businesses have sprung forth thanks to Twitter's 140-character limit on status updates, or tweets. Twitter engineer Raffi Krikorian announced that this would all change over the next few months, in an apparent move to protect users from spam and malicious links.
