We’re back for the month of June with a brand new set of CEOs, thought leaders, and policy experts who are all creating compelling content & sharing opinions about the financial world on Twitter. In June we saw another great batch of market moving Tweets, covering topics ranging from mergers and acquisitions to unexpected election results. As always, our goal is to surface great insights and some of the best, most compelling content on Twitter. There is no better way to do that than letting our partners showcase the innovative solutions they build using Twitter Data and the corresponding value gained by financial professionals.
Once again we will be hearing from Mark Dimont (@mdimont), Product Manager for Bloomberg Terminal News Applications (@TheTerminal), who will walk us through some of the most financially relevant and compelling Tweets that occurred throughout the month.
We’ll turn it over to Mark to share some insights:
It’s great to be back on the Twitter blog showcasing some of the ways finance and social media intersect. As I mentioned back in April, at Bloomberg I send a recurring note to my colleagues called “This Week in Social” that aggregates Tweets from finance that are particularly popular, novel or compelling.
In my last post, I focused on “breaking” Tweets, singular moments that moved markets and stock prices. For this post, the focus will be more around unique finance-oriented moments and the macroeconomic environment from the month of June:
After receiving some criticism for a perceived lack of philanthropic efforts, Jeff Bezos, CEO of Amazon and the second richest man in the world, took to Twitter to solicit ideas for how he should deploy his capital:
As of June 20, he received 41K responses but more are coming in every day and talk of him disrupting even another industry has begun.
In June the senior executives of General Electric, one of the biggest companies in the world, used social media as an avenue to pass the baton from one CEO to the next:
Increasingly, we see CEOs getting comfortable using social media as a forum to inform and communicate with the public, media and investors.
Another great example this month was when the CEO of Goldman Sachs, Lloyd Blankfein, joined Twitter and posted his first Tweet. The Tweet emphasized a policy disagreement with the US and set the tone for future communications:
He followed shortly after with this:
Lloyd explained his rationale for joining Twitter in a television interview. One of his noteworthy statements said, “Before Twitter, I did those things by press release.”
It is not just CEOs but also influential leaders in US monetary policy that communicate and engage in spirited conversation: Neel Kashkari, President of the Minneapolis Federal Reserve, and Sheila Blair, Former Chair of the FDIC, took to Twitter to debate failing banks and Too Big To Fail.
Twitter was a great place to get timely UK Election poll results and stay up to date on the latest in politics:
The British Pound moved sharply following unexpected election results:
There was also substantial information on the future of British government that appeared quickly on Twitter:
The biggest merger news of the month was Amazon’s acquisition of Whole Foods. The Bloomberg Terminal was flooded with Tweets discussing the deal as shown in the accompanying chart:
We wanted to highlight one user per blog post who is especially newsworthy, producing compelling content, or is brand new to the platform.
Welcome to Twitter: Jeff Gundlach
In May 2017, Jeff Gundlach, one of Bloomberg Markets 50 Most Influential People, burst onto the social media scene with a unique and unfiltered voice. Jeff spoke with Twitter about how he uses the platform and he stated “What I like about Twitter is that I can relay facts without an intermediary. We all remember the 'telephone' game in elementary school. Each link is a loss of true content."
Jeff also noted “I like that I can relay somewhat controversial messages that I strongly believe in but will not be covered in the mainstream media.”
As you can see, Twitter’s platform is used by elected officials, company executives, and financial professionals across the globe to communicate publicly in real-time. Tweets move markets, and Twitter’s partners do an incredible job of identifying the best content, and integrating it directly into their clients’ workflow.
Of course we couldn’t feature all of the great finance content from the month of June in this post alone, so we created a moment to share some of the other interesting finance Tweets that caught our eye. If you spot a market moving Tweet, and want us to feature it in a future blog post, Tweet to us using the hashtag #TweetsOfTheMonth.