Latest from the Twittersphere: stock indexes to track most-hyped companies

Latest from the Twittersphere: stock indexes to track most-hyped companies

Information about Latest from the Twittersphere: stock indexes to track most-hyped companies

Kevin David


By Sheila Dang
(Reuters) – What’s the value of being Twitter-famous? Two new stock indexes created by S&P Dow Jones Indices and Twitter will unravel the mystery on Thursday, measuring the performance of the buzziest companies for investors with an eye on social media influence.
Twitter has long played a central role for investors and traders to share stock tips, keep up with breaking company news and follow the latest musings from CEOs like Tesla’s Elon Musk, who recently polled his 64 million followers on whether he should sell 10% of his Tesla shares.
The S&P 500 Twitter Sentiment Index will measure the performance of the top 200 companies within the S&P 500 that have “the highest sentiment scores,” based on how the social network’s users are discussing the stocks, said S&P Dow Jones Indices.

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